Cutifani may even see off Ivan Glasenberg, provided the Glencore boss backs up recent hints that 2020 will be his last year in charge at the Swiss minerals trading and mining firm.
“I’m young and feeling energetic,” says Cutifani when asked by finweek if retirement had crossed his mind lately. “I have a good relationship with the board. We continue to think about the future, but there are no plans for me to go in the immediate term.”
Cutifani’s longevity is a remarkable achievement for a CEO at a major mining company, especially one that’s been on Anglo’s kind of roller coaster. The company’s shares slumped to R55 apiece in 2016 as commodity prices bottomed out, following a decade of unsaddled, head-over-heels supply growth that burdened balance sheets and earned the world’s mining sector a reputation for wasteful capital spending.
Until the coronavirus (Covid-19) crisis struck, however, Anglo’s stock was at R415 a share, challenging its latest five-year high achieved in January.
Bu hikaye Finweek English dergisinin 2 April 2020 sayısından alınmıştır.
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Bu hikaye Finweek English dergisinin 2 April 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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