Top 10 Youngest Mining CEOs
For many young professionals, the ultimate career destination is the big office with the secretary in front and the view in back.
To be a chief operating officer of a major mining company it requires the right vision and a willingness to take calculated risks. You have it or you don’t; it’s as simple as that.
The following CEOs, despite their young age, have the tenacity to operate some of the largest mining companies in the world.
10. Andrew Mackenzie (Age: 58)
At age 58, Andrew Mackenzie is the oldest CEO to make our list. He has spent the last 30 years in the oil and gas, petrochemicals and minerals industries. Mackenzie joined BHP Billiton in 2008, becoming CEO in 2013. The best years are yet to come.
9. Ivan Glasenberg (Age: 58)
As leader of the largest commodity trading company in the world, Ivan Glasenberg is a man among boys. Since 1984, Glasenberg has held several positions with Glencore until becoming CEO in 2002. His strategic thinking, and successful takeovers, has earned him a net worth valued at $6.1 billion.
8. Mark Cutifani (Age: 56)
Mark Cutifani has been Chief Executive Officer of Anglo American since 2013. Before taking the reins of the UK-based company, he served as CEO for another mining company, South African AngloGold Ashanti. With over 35 years in the mining industry, Cutifani makes our list at the tender age of 56.
7. Mick Davis (Age: 56)
Mick Davis is the maverick of the mining industry. Not only has he been involved in some of the world’s biggest and most formative mining deals, including the creation of BHP Billiton and its smaller rival Xstrata, but he is currently running x2 Resources, a private mining venture that aims to build new mid-tier diversified mining and metals groups. At the ripe age of 56, Davis has a chance to make another mark on the mining sector.
6. Charles A. Jeannes (Age: 56)
Charles A. Jeannes is one of the youngest CEOs to run a top 10 mining company. Since 2008, Jeannes has been President and CEO of Goldcorp, one of the biggest producers of gold in the world. He previously held roles as Executive Vice President and Corporate Development.
5. Sean Boyd (Age: 55)
Seam Boyd is one of the longest tenured CEOs to make this list. He was appointed President and Chief Executive Officer of Agnico Eagle in 1998, and has served various positions with the company since 1985. At age 55, Boyd has spent the majority of his career in the mining industry.
4. Donald Lindsay (Age: 55)
In regards to the mining industry, some could argue Donald Lindsay is a prodigy, buying his first two shares of a mining company (Leech Gold Mines) when he was 10.
In 2005, Donald Lindsay became President and Chief Executive Officer at Teck Resources Limited. He also serves as the President of Teck Cominco Alaska Incorporated, and previously served as President of CIBC World Markets as well as Head of Investment and Corporate Banking and Head of the Asia Pacific Region.
Deloitte predicts industry transformation - Tracking the Trends 2019 report
Deloitte has published the eleventh edition of its annual report on the mining industry. Tracking the Trends identifies the top ten trends transforming the future of mining in 2019
The Deloitte report endeavours to provide the mining industry with insights it can leverage to support its continued quest for productivity, capital discipline, strategic development and sustainable growth.
Philip Hopwood, Deloitte’s Global Leader - Mining & Metals, commented: “It appears that the mining industry is poised for greater growth than it’s seen in a decade, but today’s market realities are very different than those of the past. We’re now dealing with geopolitical tensions in the form of trade wars and tariff concerns, as well as looming asset shortages. Rising commodity prices should fuel expansion, but could also result in a return of inflation and the costs that go with it, eventually eating into margins.
Disruption and volatility has become the new normal and the pace of change is outpacing our ability to adapt. This makes it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again.”
Here are the key messages provided by the 2019 report:
- Disruption and volatilitymake it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again. To thrive into the future, mining companies will need to challenge the status quo by soliciting a diversity of opinions and taking the risk to do things differently.
- Technology and artificial intelligence (AI) will play a key role, not only in helping companies envision future scenarios, but in identifying risks at an enterprise level and transforming the supply chain. Moreover, advances in finance platforms, sensor technology, autonomous vehicles, cloud- based solutions, and analytics are paving the way for the design of a digital mine.
- Understanding the needs and perceptions of people both inside and outside the organization will be critical. Companies must build a more diverse workplace and address succession planning, while fostering loyalty and retention among existing employees. At the same time companies must do more outreach to local communities, governments, and consumers so they can be more transparent and receptive.
Top Ten Trends Transforming the Future of Mining:
- Rethinking mining strategy - Embedding the discipline to deliver measurable value across the cycle
- The frontier of analytics and artifcial intelligence- Moving up the maturity curve
- Managing risk in the digital era - Exploring a new approach to controls and risk management
- Digitizing the supply chain - Why innovation requires integration
- Driving sustainable shared social outcomes - Finding value beyond compliance
- Exploring the water-energy nexus - Making the case for a systematic approach
- Decoding capital projects - Learning from past mistakes
- Reimagining work, workers, and the workplace - A blueprint for the future
- Operationalising diversity and inclusion programs - From theory to practice
- Demanding provenance- EVs and battery minerals provoke the desire for provenance