Mark Cutifani

Mark Cutifani (born 2 May 1958)[1] is an Australian businessman and the current chief executive of diversified mining group, Anglo American plc[2] where he is also a member of the Board and Group Management Committee (GMC). Cutifani is a non-executive director of Anglo American Platinum, and chairman of the De Beers Group of Companies.[3] He is also a Non-Executive Director of Total S.A.[4] He was formerly CEO of South African gold mining company AngloGold Ashanti.[5] Cutifani is a fellow of the Royal Academy of Engineering,[6] a Board member of the Hydrogen Council.[7] and recipient of the AusIMM Institute Medal.[8]

Mark Cutifani
Born (1958-05-02) 2 May 1958
Wollongong, Australia
NationalityAustralia
Alma materUniversity of Wollongong
OccupationBusinessman
TitleChief executive of Anglo American
Term2013–present
PredecessorCynthia Carroll
SuccessorIncumbent
Mark Cutifani speaking at Anglo American's 2019 Senior Leadership Conference

Early life and education

Cutifani was born and grew up in Wollongong, Australia.[9] After leaving high school in 1976, he joined Coal Cliff colliery and enrolled in the University of Wollongong to complete a degree in Mining Engineering. He graduated in 1982,[10] top of his class.[11] He was also the winner of numerous awards including the Atlas Copco Travelling Bursary for the top mining student in Australasia in 1982.[12]

Career

Early career

After working for Coal Cliff, he joined Kalgoorlie Gold Mines, and later the Western Mining Corporation, Normandy Mining and Sons of Gwalia.[1] He became the managing director of Sons of Gwalia in March 2000. In October 2006, Cutifani was appointed as Chief Operating Officer for Inco Limited and then Vale's global Nickel business, based in Canada.[13]

AngloGold Ashanti

On 17 September 2007, he joined AngloGold Ashanti as a director of the company, and was appointed CEO on 1 October that year. Cutifani was credited with dismantling AngloGold Ashanti's significant and toxic hedge book, allowing the company to benefit fully from the much higher gold spot price.[14]

Shortly after joining AngloGold Ashanti, Cutifani introduced a campaign called "Safety is our first value". During his tenure, the fatality rate was reduced by 50%.[15]

Anglo American

In January 2013 it was announced that Cutifani would become the new chief executive of Anglo American plc, starting his new role on 3 April 2013, replacing Cynthia Carroll.[16] Since joining Anglo American, he has led a transformation of the Company.[17]

Notable improvements per the 2019 Annual Results:[18]

  • Safety – 73% reduction in fatalities and 59% improvement in accident frequency rates.
  • Occupational Health – 81% drop in new cases.
  • Environmental Incidents - 97% drop in major incidents.
  • Production – increased by 12%, whilst reducing the number of assets from 68 to 36.
  • Costs – improved by 45% in real terms to return the business to a global leadership cost position.
  • Mining EBITDA margin - increased by 40%.
  • ROCE of 19%.
  • Sustainability – announced a Sustainable Mining Plan in 2018 to significantly improve energy and water efficiency, reduce greenhouse gas emissions, and promote biodiversity.  
  • In response to carbon footprint reductions, Cutifani announced a target of achieving carbon neutrality for Scope 1 and 2 emissions by 2040, with some operations achieving carbon neutrality by 2030.

Appointments & Current Memberships

Cutifani is the former Chair and now an Executive Board Member of the International Council on Mining and Metals.[19] He is currently an Executive Member, having been President of South Africa’s Chamber of Mines between 2012 and 2013 (renamed as the Minerals Council South Africa).[20] He is also a member of the International Advisory Committee for the Kellogg Innovation Network,[21] a member of the Mining & Metals Steering Board and former Governor (now member) of the Mining and Metals Industry Programme for the  World Economic Forum.[22] Cutifani serves on the Board of the Hydrogen Council,[7] a global initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen to foster the energy transition. Cutifani is also a member of the Advisory Board for the Vale Columbia Centre on Sustainable International Investment[23] and an independent Director of The Power of Nutrition; a UK-based charitable foundation[24] He is also an Independent Director of Total S.A[4] and a member of UK Home Secretary’s Business Against Slavery Forum.[25]

Previous memberships

Cutifani is a former member of the following institutions:

  • World Gold Council – Member of Board[26]
  • South African Chamber of Mines – Elimination of Fatalities Taskforce Leader (2013).
  • Business Leadership of South Africa (BLSA) – Executive Council Member.
  • Laurentian University (Canada) – Board of Governors.
  • Australian Institute of Mining and Metallurgy:
    • Councillor (South Australia)
    • Member of Ethics Committee
    • Member of Mineral Valuation Committee
  • University of Cape Town Graduate School of Business (UCT-GSB) – Member of Advisory Board.
  • University of Pretoria – Member of Mining Advisory Committee.
  • India-Brazil-South Africa (IBSA) Business Council Steering Committee – Member.
  • Western Australian Chamber of Mines – Member of Executive Committee.
  • Ontario Mining Association – Member of Executive Committee.
  • Minerals Advisory Committee of Canada – Member.
  • CSIRO Minerals Sector Advisory Committee (Australia)– Member.
  • Foundation and Lead Industry Member for establishment of Centre for Exploration and Mining Innovation (CEMI) in Canada (Laurentian University) in 2006.[27]

Recognition & Awards

Cutifani has won numerous academic and community awards including:

  • Honorary Chair – World Mining Congress, Montreal (2013).[28]
  • Engineers Australia Magazine - listed amongst the Top 100 influential engineers in Australia (2013 and 2014).[29]
  • Silver Award – Thomas Edison Global Innovation Award – Industry Collaboration (Co-Chair – Kellogg Innovation Network Development Partner Framework).
  • Australia Institution of Mining and Metallurgy (AusIMM) - Institute Medal (2021)[8]
  • Australia Institution of Mining and Metallurgy (AusIMM) – Fellow.[30]
  • Honorary Doctorate – Business Administration (Safety and Community Engagement), Wollongong University (2013).[31]
  • Diggers and Dealers Lifetime Achievement Award (2015).[32]
  • The Institute of Materials, Minerals and Mining (UK) – Fellow (2015).
  • Engineering Council – Chartered Engineer (2015).
  • Honorary Doctorate – Doctor in Laws – Laurentian University in Canada (2016).[33]
  • Royal Academy of Engineering – Fellow (2017).[34]
  • Technoserve 50th Anniversary Honouree – In honour of “extraordinary leadership in creating sustainable business solutions to end poverty around the world.” Honoured in NYC in October 2018 along with the Chairman of Coca-Cola.[35]
  • European CEO Awards – Best CEO in Sustainable Mining (2018)[36]
  • Engineers Australia – Fellowship and Chartered status in the Leadership and Management College and APEC Engineer (2019).
  • South Africa Mining Industry – Inducted into the Mining Hall of Fame (2019)[37]
  • Mines & Money – CEO of the Year; Global Mining Company of the Year (2019)[38]

Private life

Cutifani has seven children from two marriages.[39]

References
  1. Mark Cutifani Archived 30 December 2013 at the Wayback Machine miningweekly.com, accessed: 9 July 2010
  2. Anglo American's leadership, accessed: 14 April 2014 Archived 15 April 2014 at the Wayback Machine
  3. "Board". www.angloamerican.com. Retrieved 4 December 2020.
  4. "Biographies of the Members of our Board of Directors". Total.com. Retrieved 4 December 2020.
  5. adminwebpro (19 April 2018). "ANGLOGOLD ASHANTI ANNOUNCES DEPARTURE OF MARK CUTIFANI". AngloGold Ashanti Colombia (in Spanish). Retrieved 4 December 2020.
  6. "Leaders in engineering elected to Royal Academy of Engineering fellowship". Infrastructure Intelligence. Retrieved 4 December 2020.
  7. Bauer, Evelyne. "New Board to provide leadership through challenging times - Hydrogen Council". hydrogencouncil.com. Retrieved 4 December 2020.
  8. AusIMM. "AusIMM Award recipients 2021". ausimm.com. Retrieved 30 January 2021.
  9. Mark Cutifani, a veteran miner from the boots up The Financial Times website, published: 26 January 2014, accessed: 6 June 2014
  10. Mark Cutifani Archived 7 June 2011 at the Wayback Machine University of Wollongong website, accessed: 9 July 2010
  11. Anglo turns to an Aussie miner to dig it out of a $6bn hole The Sunday Times, published: 21 July 2013, website accessed: 6 May 2014
  12. Goc, Sue (August 2014). "The AusIMM atlas copco travel scholarship". AusIMM Bulletin (4): 19.
  13. "Cutifani leaving Inco for AngloGold Ashanti". Sudbury.com. Retrieved 4 December 2020.
  14. AngoGold cuts hedge book to narrow losses The Financial Times, published: 7 February 2010, accessed: 6 May 2014
  15. Annual Report 2012 AngloGold Ashanti website, accessed: 6 May 2014
  16. Anglo names Cutifani as chief executive The Financial Times, published: 8 January 2013, accessed: 6 May 2014
  17. "Subscribe to read | Financial Times". www.ft.com. Retrieved 4 December 2020. Cite uses generic title (help)
  18. Wyatt-Tilby, James (20 February 2020). "Anglo american Annual Results 2019" (PDF). Anglo American.
  19. "ICMM • Member companies". www.icmm.com. Retrieved 4 December 2020.
  20. McKay, David (2 October 2019). "Anglo's Cutifani urges SA mining sector to heal Government divide as key to new order". Miningmx. Retrieved 4 December 2020.
  21. "Kellogg Innovation Network (KIN) Board Members". KIN: Kellogg Innovation Network. Retrieved 4 December 2020.
  22. "Mark Cutifani". Forum Économique Mondial (in French). Retrieved 4 December 2020.
  23. "Advisory Board - Columbia Center on Sustainable Investment". Retrieved 4 December 2020.
  24. "Governance - The Power of Nutrition". Power Of Nutrition. Retrieved 4 December 2020.
  25. Government, UK. Gov.uk https://www.gov.uk/government/news/leading-businesses-unite-to-tackle-slavery. Missing or empty |title= (help)
  26. "Mark Cutifani appointed new CEO - Anglo American - Contact Politicsweb | Politicsweb". www.politicsweb.co.za. Retrieved 4 December 2020.
  27. "Greater Sudbury bids farewell to former CVRD Inco COO". Sudbury.com. Retrieved 4 December 2020.
  28. http://www.wmc.org.pl/sites/default/files/WMC_2013_Preliminary-Program-Final2.pdf
  29. https://54.206.118.204/media/2014/uow-engineers-recognised-as-among-the-most-influential-in-australia.php
  30. https://www.fdc.org.br/en-site/sobre-a-fdc-site/diretoria-e-conselhos-site/Documents/conselho_internacional/mark_cutifani.pdf
  31. "Dr Mark Cutifani - University of Wollongong – UOW". www.uow.edu.au. Retrieved 4 December 2020.
  32. "Cutifani wins Stokes award at Diggers". www.miningnews.net. 6 August 2015. Retrieved 4 December 2020.
  33. "Former Inco exec to receive honourary doctorate from Laurentian". Sudbury.com. Retrieved 4 December 2020.
  34. https://www.raeng.org.uk/about-us/the-fellowship/new-fellows-2017/fellows/mark-cutfani
  35. "TechnoServe Celebrates 50 Years". TechnoServe. 11 October 2018. Retrieved 4 December 2020.
  36. "European CEO Awards 2018". www.europeanceo.com. Retrieved 4 December 2020.
  37. Arnoldi, Marleny. "Cutifani inducted into South African Mining Hall of Fame". Mining Weekly. Retrieved 4 December 2020.
  38. "Awards Nominees | Mines and Money London". Retrieved 4 December 2020.
  39. Creamer, Martin. "MARK CUTIFANI". Mining Weekly. Retrieved 4 December 2020.
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