Anglo American plc (“Anglo American”) and Teck Resources Limited (“Teck”) announce the composition of the future Executive Leadership Team (“ELT”) of Anglo Teck plc (“Anglo Teck”), the combined company that will be formed through the merger announced on 9 September 2025. These future ELT roles will take effect immediately following completion of the merger which is conditional upon receipt of final regulatory approval, expected within the originally announced timeline of between September 2026 and March 2027.
Anglo Teck’s future ELT brings together a highly experienced and complementary set of leaders from both companies to shape a cohesive leadership culture with clear accountabilities. The future ELT combines deep operational and financial expertise and global market insight with a strong track record of safety leadership, values-based decision-making and project delivery to create enduring shareholder and stakeholder value.
From the completion of the merger, the ELT of Anglo Teck will comprise:
- Duncan Wanblad – Chief Executive Officer (CEO)
- Jonathan Price – Deputy CEO & Chief Strategy Officer
- John Heasley – Chief Financial Officer (CFO)
- Ruben Fernandes – Chief Operating Officer (COO)
- Ian Anderson – Chief People Officer
- Lyndon Arnall – Chief Legal & Sustainability Officer
- Alison Atkinson – Chief Technical Officer and CEO of Crop Nutrients
- Karla Mills – Chief Projects Officer
- Matt Walker – CEO, Marketing
Nolitha Fakude will continue in her current role, serving as Chair of Anglo Teck’s management board in South Africa, reporting to Duncan Wanblad.
The regional leadership team responsible for the mining and production businesses is also confirmed and will report to Ruben Fernandes as COO, also with effect from completion of the merger:
- Brock Gill – CEO, Canada and US
- Tony Power – CEO, Peru
- Ana Sanches – CEO, Brazil
- Dale Webb – CEO, Chile
- Mpumi Zikalala – CEO, Kumba Iron Ore
Duncan Wanblad, CEO of Anglo American and CEO designate of Anglo Teck, said: “Announcing Anglo Teck’s future Executive Leadership Team marks another major milestone as we progress towards combining these two great companies. Together, we are forming a global metals and minerals powerhouse offering investors more than 70% exposure to copper. As the incoming CEO of Anglo Teck, I have utmost confidence in the highly capable executive and regional leadership teams that I have set out today, benefiting from their track records of delivery and their diversity of global experience. I look forward to working with the team over the coming years, from our headquarters in Canada, as we establish Anglo Teck and deliver the significant value from this formidable combination.”
Jonathan Price, President and CEO of Teck and Deputy CEO designate of Anglo Teck, said:
“Today represents a significant next step in the creation of Anglo Teck, which we are setting up to be a top tier global copper producer with world-class operations and exceptional growth opportunities. This executive leadership team will provide strong continuity for the combined business and positions us to unlock the full potential of Anglo Teck as a global leader in the responsible production of many of the metals and minerals that the world is counting on.”
The full composition of the Board of directors of Anglo Teck will be confirmed prior to completion of the merger1. As previously announced, Sheila Murray, currently Chair of Teck, will chair the Board of Anglo Teck, with Duncan Wanblad, Jonathan Price and John Heasley serving as executive directors. Richard Price, currently Chief Legal & Corporate Affairs Officer of Anglo American, will also join the Board of Anglo Teck as a non-executive director.
Tom McCulley, Chief Technical Officer of Anglo American, will serve as a Special Adviser to the CEO working on a number of ongoing technical and other programmes, prior to his planned retirement in 2027. Al Cook, CEO of De Beers, will also continue to report to the CEO while the sale of De Beers is completed. Jeff Hanman, Chief Strategy Officer of Teck, will serve as Chief Integration Officer and Nic Hooper will continue as Chief Corporate Development Officer, both reporting to Jonathan Price.
Duncan Wanblad added: “When combining two companies and creating a new executive team, we inevitably have to make some difficult choices. For departing members of Anglo American’s and Teck’s ELTs, we will thank them for their exceptional contributions at the right time as they embark on the next stages of their lives and careers after the merger has completed. Until completion of our merger transaction, all current roles are unchanged and we are all focused on delivering our respective commitments, beginning with safety.”
Anglo Teck – portfolio and value creation opportunities
Anglo Teck will benefit from an industry-leading portfolio of producing operations, including several world-class copper assets, alongside high-quality premium iron ore and zinc businesses. Anglo Teck will be one of the world’s largest copper producers, and will benefit from some of the world’s highest quality copper endowments, with major brownfield and greenfield copper development projects located in attractive and well-established mining jurisdictions, to further grow the business. Anglo Teck will also retain growth optionality across its wider product portfolio, including in premium iron ore, zinc and crop nutrients.
The merger is expected to deliver annual pre-tax synergies of approximately US$800 million by the end of the fourth year following completion of the transaction, with approximately 80% expected to be realised on a run rate basis by the end of the second year following completion, driven by economies of scale, operational efficiencies, and commercial and functional excellence. Anglo Teck will also work with key stakeholders and partners in the Collahuasi and Quebrada Blanca copper mines in Chile to optimise the value of these adjacent assets to realise US$1.4 billion (100% basis) of underlying EBITDA revenue synergies on an average pre-tax annual basis from 2030-2049, primarily through operational integration and optimisation of Collahuasi and Quebrada Blanca to create one of the world’s very best copper mining districts.
Anglo Teck will have its global headquarters in Vancouver, Canada, where the CEO, deputy CEO, CFO and a significant majority of the senior management team will be based, supported by corporate offices in London and Johannesburg to serve its global operational footprint. Country offices and marketing hubs will continue to support the operational and commercial footprint of the combined business. All appointments will take effect on completion of the merger, with appropriate transition arrangements in place to ensure business continuity and effective handovers of responsibility.
