Cynthia Carroll to step down as Anglo-American CEO

LONDON (AP) ? Cynthia Carroll says she will step down as chief executive of mining company Anglo American PLC as soon as her successor is chosen.

In a statement released by the company on Friday, Carroll made no reference to reports that some investors had lost faith in her leadership and were pressing for her to go.

Carroll, a 55-year-old American, was appointed chief executive in 2007.

She says that leaving is a difficult decision, "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."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-26-Britain-Anglo%20American/id-105812a6d7e847afb3b96ccfe68a4a3c

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