AAL Anglo American Plc

By Oliver Griffin

Anglo American PLC (AAL.LN) said Wednesday that it will consult with shareholders to understand why more than a quarter of the votes cast in the election of new non-executive director Marcelo Bastos were against his nomination.

The diversified mining company said Mr. Bastos joined the board on April 1. The Brazilian brings more than 30 years of experience, particularly in mining in South America.

Anglo American said the nomination committee had been charged with finding someone of Mr. Bastos's calibre, given that roughly a third of its business is in South America.

However, at the company's annual general meeting, just 73.8% of votes were cast in favor of electing Mr. Bastos to the board.

Anglo American said it has a formal, rigorous and transparent procedure to ensure the board has the appropriate mix of skills, experience and knowledge that reflect the breadth of its business.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

May 01, 2019 02:57 ET (06:57 GMT)

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