Anglo American has announced that CEO Cynthia Carroll will step down from her position as head of the company.
Carroll has led the company since 2007.
According to the miner Carroll stated that “it has been a great honour to lead Anglo American. I am extremely proud of everything we have achieved during my period as Chief Executive and I will always retain enormous admiration and affection for this great company and its outstanding people. It is a very difficult decision to leave, but next year I will be entering my seventh year as Chief Executive and I feel that the time will be right to hand over to a successor who can build further on the strong foundations we have created”.
Carroll has recently come under fire for the performance of Anglo, which has seen lower production across its operations, and its share price nearly halve.
Despite announcing her resignation from the position, she will remain in the role until a successor has been appointed.
In addition to stepping down as the head of Anglo, Carroll will also step down from the position of chairman of De Beers, a role which she undertook earlier this month.
The hunt for a new Anglo American CEO will be led by current chairman John Parker.