The group said its senior independent director Sir Philip Hampton, would now lead a process to identify candidates with appropriate global listed company boardroom experience.
“Having seen Anglo American emerge in a strong position from the mining industry downturn, with its sharp falls in commodity prices between 2014 and 2016, I believe that the time is now right for the Board to seek my successor during the course of 2017,” said Sir Parker.
“The company, with its much restored balance sheet and a world class Board and management team, led by our Chief Executive Mark Cutifani, is well placed for the future.
“Chairing Anglo American had been an enormous privilege and it had also appealed to my close interest in engineering, technology and corporate turnarounds. The ability of companies to adapt, innovate and think creatively about the role they can play in society is a key ingredient of long term competitive advantage.”
Anglo American owns diamond mines through De Beers and it also has interests in gold, copper, platinum and other precious metals.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished