Anglo American appoints Fortescue Metals' Stephen Pearce as FD

Anglo American has appointed Fortescue Metals’ Stephen Pearce as finance director following Rene Medori’s decision to retire, as announced back in April.

Pearce will join the company on 30 January 2017, prior to joining the board as an executive director and taking over as finance director with effect from 24 April, enabling a smooth transition and the completion of the 2016 financial reporting process.

Pearce has been chief financial officer of Australia-based iron ore producer Fortescue Metals since 2010.

Anglo’s chief executive Mark Cutifani said: “We are very pleased that Stephen Pearce will be joining Anglo American as finance director. Stephen brings proven financial and commercial experience gained across the extractive and related industries.

“His strong relationships with the debt and equity capital markets have proven immensely valuable in his role at Fortescue, as has his work across complex cost and other efficiency performance programmes. We look forward to welcoming him to Anglo American in January 2017.”