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Inside Anglo American’s rushed break-up plan

Inside Anglo American’s rushed break-up plan

Some of the most senior executives at Anglo American were caught off guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.

BHP’s Mike Henry and Duncan Wanblad his Anglo American counterpart. David Rowe

Peter KerResources reporter
Updated

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A radical strategy to break up diversified miner Anglo American was barely 15 hours old when the company’s most senior executive in Australia, Daniel van der Westhuizen fronted his staff over a video call.

It was shortly after 8am on Wednesday when van der Westhuizen informed Anglo’s Australian workers of his complete surprise at the events that had unfolded in London the night before.

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Peter Ker
Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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Original URL: https://www.afr.com/companies/mining/inside-anglo-american-s-rushed-break-up-plan-20240517-p5jef0