Former Anglo American boss Cynthia Carroll joins Glencore’s board
Miner and commodities trader Glencore (LON: GLEN) added on Tuesday a third female director to its nine-people board, appointing former Anglo American (LON: AAL) chief executive Cynthia Carroll to its board.
Carroll, who led Anglo American for more than five years until she stepped down in 2013, has vast experience in the sector. While at Anglo’s helm, she was one of only the four women CEOs among FTSE-100 companies and the first female to take the top position at the diversified miner when she joined it in 2007.
Carroll was also the first non-South African and first non-insider to run the company founded in Johannesburg in 1917 by Sir Ernest Oppenheimer.
Her appointment as Glencore’s non-executive director comes as the company’s long-time chief executive Ivan Glasenberg prepares to step down later this year. He will be replaced by Gary Nagle, head of coal assets
Carroll is currently a non-executive director at Hitachi (TYO: 6501), Baker Hughes Company (NYSE: BKR) and Pembina Pipeline Corporation (TSE: PPL). Previous non-executive appointments have included BP, Vedanta and the Sara Lee Corporation.
Glencore is looking for a new chairman to replace Tony Hayward, who cannot continue in his role much longer under the UK corporate governance code
Glasenberg, who owns about 10% of Glencore, has said he doesn’t plan to be the company’s next chairman.