Nicky Oppenheimer Stepping Down from Anglo American Board
February 27, 11
(IDEX Online News) - Nicky Oppenheimer is leaving the board of Anglo American plc, the mining conglomerate founded by his grandfather Ernest in 1917. In the past few years, Oppenheimer sold chunks of his stake in the company, now down to about 2 percent. Oppenheimer is remaining chairman of De Beers. 
Oppenheimer, a non-executive director, will step down on April 21 after 37 years on the board of Anglo American and for the first time since its founding, an Oppenheimer will not serve on the company’s board.
“Anglo American has been in the psyche of every member of my family since the company was founded nearly a century ago,” Oppenheimer said in a statement on Friday. “However there comes a time when it is right to stand aside and allow others to carry the baton. For me that time is now.”
There was no comment on why Nicky Oppenheimer’s son Jonathan is not joining Anglo’s board.
The Oppenheimer family holds a 40 percent stake in De Beers, Anglo holds another 45 percent and the remaining 15 percent is owned by the government of Botswana.