John Parker News
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European Aeronautic, Defence & Space Co.’s new board appointed Denis Ranque as chairman and backed a 3.75 billion-euro ($4.8 billion) stock buyback to support its share price during an ownership transition.
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Anglo American Plc appointed Mark Cutifani as chief executive officer as the mining company seeks to reverse the $14 billion loss of market value it suffered in the five years his predecessor Cynthia Carroll was in charge.
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National Grid Plc, operator of Britain’s power-distribution network, appointed Peter Gershon as chairman from Jan. 1 to succeed John Parker.
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South African President Jacob Zuma said mining royalties will be reviewed as he comes under pressure to reduce poverty and inequality in the world’s biggest producer of platinum, chrome and manganese.
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Anglo American Plc’s replacement for Cynthia Carroll, the mining company’s departing chief executive officer, will have to confront its unprofitable platinum unit as the most pressing challenge.
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Anglo American Plc Chief Executive Officer Cynthia Carroll, the first woman, external hire and non- South African to hold the job, will quit after Anglo lost $14 billion in value in the more than five years she was in charge.
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Anglo American Plc, which controls the world’s biggest platinum producer, boosted first-quarter iron ore, platinum, copper and diamond output on rising demand and said the sale of its zinc unit is “well advanced.”
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Indian stocks climbed for a second day amid speculation the U.S. Federal Reserve will announce further measures to stimulate the world’s biggest economy.
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AngloGold Ashanti Ltd. Chief Executive Officer Mark Cutifani is the leading contender to replace Cynthia Carroll at the helm of mining company Anglo American Plc, according to people familiar with the situation.
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European Aeronautic, Defence & Space Co. named the members of its future board following an overhaul of its shareholder structure, as Chief Executive Officer Tom Enders seeks greater freedom from political meddling.
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