Anglo American plc announced that Tony O'Neill, Technical Director, has decided to retire and will step down from his role and from the Group Management Committee on 31 December 2022, after more than nine years. Mr. O'Neill will also step down from the Board of Anglo American on the same date. Stuart Chambers, Chairman of Anglo American, added: "Tony has been a leading figure in the mining industry for many years, articulating the need for change in many of the industrial processes that have prevailed for decades and longer.

His tenacity has opened the door to a host of technologies and digital applications that are increasingly relevant to sustain mining's social licence to operate and improve the investment case for accessing orebodies that are vital for future supply. Mr. Daley will take up his new role as Group Director - Technical and join the Group Management Committee of Anglo American with effect from 1 January 2023. Tony O'Neill will step down from his role as technical director and from the Board on 31 December 2022 and he has agreed to be available to ensure a smooth handover until retiring on 30 June 2023.

On his retirement, Mr. O'Neill will receive good leaver treatment in respect of outstanding share awards. His outstanding LTIP awards will be pro-rated in respect of time served to 30 June 2023 and will vest at the normal time, to the extent that the performance conditions have been satisfied. These arrangements are in line with Anglo American's current remuneration policy and practice.

Mr. O'Neill will continue to receive his normal salary, pension and benefits up to 30 June 2023. He will not receive an annual bonus or LTIP award for 2023. Following his retirement, Mr. O'Neill will be expected to maintain a holding of Anglo American shares of three times his salary on cessation, for a period of two years.