Anglo American plc yesterday announced a number of changes in its top management portfolios. This, the Group said, was done “to enable dedicated focus on both the Group’s Marketing business and the evolution of the strategy”. 
Additionally, Anglo American announced that Paulo Castellari, CEO of Anglo American’s iron ore business in Brazil, “has decided to step down from his position to pursue other opportunities”.
As far as reallocation of roles and responsibilities go, Peter Whitcutt has been appointed as CEO of Anglo American’s Marketing business. Since 2013, he was serving as Group Director – Strategy, Business Development and Marketing. “Peter Whitcutt will focus on delivering the full potential of the Marketing business which has delivered considerable commercial benefits to date that reflect product qualities and logistics tailored to customers’ specific requirements,” Anglo American stated.
Bruce Cleaver, who was Executive Head of Strategy and Corporate Affairs for De Beers (which he joined in 2005) has been appointed Group Director – Strategy and Business Development.  Anglo American said: “Bruce Cleaver’s mandate includes the ongoing analysis of global economic and commodity specific trends to inform the Group's strategy in a more volatile market environment. Bruce Cleaver will continue to serve on the board of De Beers, as a non-executive director.”
The present Chief Financial Officer of De Beers, Gareth Mostyn, has been appointed as Executive Head of Strategy and Corporate Affairs for De Beers. 
All these new appointments will take effect from January 1, 2016.  The Group clarified that Gareth Mostyn “will fulfil his year-end reporting commitments as CFO”. A new CFO will be appointed shortly. 
“The full potential of our Marketing business is clear and is ever more important to realise,” commented Mark Cutifani, Chief Executive of Anglo American. “Peter Whitcutt’s leadership in identifying that potential based on long-term and mutually beneficial customer relationships and the quality of our product offering has proven the need for his efforts to now be focused entirely on this work. We welcome Bruce Cleaver to his new role as Group Director of Strategy and Business Development and look forward to the benefit of his experience from De Beers as we continue to flex our strategic thinking. We also congratulate Gareth Mostyn on his new role at De Beers.”
Cutifani, referring to Catellari’s forthcoming departure from the group said: “In our Brazilian iron ore business, Paulo Castellari led the Minas-Rio project through its most critical stages over the last 3½ years, ensuring that the operation was delivered safely and within its revised timeline and budget. 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.”