MARKETS

Carroll shatters the glass ceiling

ANGLO American chief executive officer Cynthia Carroll's annual pay has increased by 41% to $13.1...

Lou Caruana
Carroll shatters the glass ceiling

The pay increase comes as industrial unrest intensifies around Bowen Basin mines in Queensland over pay and safety.

Anglo lists Carroll’s key achievements as including a comprehensive internal reorganisation, new asset optimisation and supply chain initiatives, while sustaining the project pipeline during the downturn, and laying the foundation for a record financial performance in 2011.

“She also changed the composition of the projects team and introduced greater systematisation into the project evaluation process. In 2011, three major projects were successfully delivered – on, or ahead of schedule and continues to drive our sustainable development agenda, including leading our corporate participation at the 2011 COP17 Summit,” the company said in its website.

Carroll also chairs the group management committee and the executive committee and sits on the safety and sustainable development committee. She is a non-executive director of BP and De Beers and chairs Anglo American Platinum.

Kloppers received the second-highest salary out of the three although the delivery time frame varies for different components of the total pay package. He enjoyed a 6% rise in his pay package to $10.4 million for the year to June 30, 2011.

Albanese's pay package dropped 19% to $7.08 million last year because he decided to forgo his cash bonus after Rio reported an $8.9 billion write-down on its purchase of Alcan in 2007.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets