My turn: why different is better
The incoming CEO of a global mining company says being an extroverted outsider has helped her advance. Being a woman who loved the sciences didn't hurt, either
Reprinted from Newseek, January 29, 2007
By Cynthia Carroll
I couldn't say there was one defining moment of how I got to where I am today. But
discussions about taking over as CEO of Anglo American came about after I met Sir
Mark Moody-Stuart, the chairman of Anglo, at Davos in January 2006. I suppose I'm
an extrovert. So I went over and introduced myself and then I said, "And what do you
do?" So that was our introduction.
During high school, I was not very turned on by the sciences and thought I would
pursue art history and languages. I attended Skidmore College in New York and, knowing
that I would have to fulfill my one-year science requirement, I took geology my first
semester. I went on for a second semester and then attended Princeton's summer field
course in Red Lodge, Montana. This was a turning point, as it was clear I wanted to
study geology. From there, I took chemistry, physics and math, enjoying the sciences
more than anything else.
Throughout my career, I've worked in a male environment. First it was the oil industry,
then the aluminum industry. When I took over as managing director of Canadian aluminum
company Alcan's Aughinish Alumina business in Ireland, competitors and insiders thought
Alcan was out of its mind to appoint a woman who had no alumina expertise, was young
and not Irish. In my experience in male-dominated environments, I've learned that
after a couple of months of being in the job, all that really goes away and performance
is what matters. Not to sound too simplistic, but being a woman has never been a barrier
or an issue for me. There were times when people thought I was too young or didn't
have the background but I never believed anything to be insurmountable. In business,
there are always challenges to deal with but you find ways to tackle them or different
approaches to offset them.
At Anglo American, I suppose that I am even more different. When I returned from
my last business trip, just after my appointment, my husband showed me a Web site
listing the CVs of the former CEOs of Anglo. Clearly, I am not terribly similar. I
am a woman and I am not South African. Being different may be a plus. I am bringing
a new perspective to Anglo. I also believe that my appointment is a clear reflection
of the progressiveness of the board of directors. They have taken a unique position
in a historically conservative industry.
I do think that I am particularly strong at bringing together a global organization
and working to motivate people. I subscribe, for example, to using the talent base
in existence on the ground and working to get the most out of individuals. In the
case of Alcan in China, we took the position as managing partner in a 50-50 joint
venture of a 150,000-ton smelter to have four expats managing a facility of 1,200
people. Becoming more global in approach and mind-set is a key priority for Anglo
to capitalize on its strengths throughout the world. In a given week, I might be in
Asia, South Africa, Europe and the Middle East. This is something that I have experience
with from my previous position. A few years ago, approximately 80 percent of Alcan's
primary metal asset base was in Canada while today the assets are spread across 20
countries. We took positions in countries where we had no experience or presence,
like Oman, China and South Africa.
My No. 1 objective as CEO at Anglo is to maximize shareholder value. We have one
of the strongest project pipelines in the industry and I'll be looking to see how
we can further grow our business. Anglo has a tremendous asset base, a motivated work
force and a forward-looking board. I am thrilled to be taking over the helm during
this exciting time.
Carroll is the incoming CEO of Anglo American, the worldwide mining and metals company.
©2007 Newsweek Inc.