Paulo Castellari
JOHANNESBURG (miningweekly.com) – Diversified major Anglo American’s Brazil iron-ore division CEO Paulo Castellari has stepped down from his position to pursue other opportunities.
“Castellari led the Minas-Rio project through its most critical stages over the last three-and-a-half years, ensuring the operation was delivered safely and within its revised timeline and budget,” CEO Mark Cutifani said in a statement on Thursday.
Marking the operation a “star performer” earlier this year, Castellari helped the pellet feed mine achieve 1.2-million tonnes of first-quarter ore, and focused on ramping up its operations to at least 11-million tonnes this year and then to 26.5-million tonnes capacity, which was targeted for mid-2016, despite facing a price-competitive market of global oversupply.
“Minas-Rio is now progressing through its 18-month ramp-up phase and I understand Paulo’s decision to move on to other opportunities at this stage. Paulo has agreed to stay with the business until the end of the year and we wish him well for the future,” added Cutifani.
Meanwhile, Anglo American reported that a number of other senior management changes had also been made to “enable dedicated focus on both the group’s marketing business and the evolution of our strategy”.
Peter Whitcutt has been appointed CEO of Anglo’s marketing business.
Having served as strategy, business development and marketing group director since 2013, he would now focus on delivering the full potential of the marketing business.
De Beers executive head of strategy and corporate affairs Bruce Cleaver would succeed Whitcutt as business development and marketing group director.
Cleaver’s mandate included the ongoing analysis of global economic and commodity-specific trends to inform the group's strategy in a more volatile market environment. He would continue to serve as De Beers nonexecutive director.
De Beers CFO Gareth Mostyn would now be responsible for the company’s strategy and corporate affairs.
All appointments would be effective January 1, 2016.