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A Victim of Circumstance, Carroll Out at Anglo

While we agree that Carroll has been far from error-free in her time at the helm, we think her detractors seriously overestimate the capacity of a single individual to deliver favorable outcomes when presented with a decidedly unfortunate set of circumstances.

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 Anglo American (AAUKY) announced Friday that CEO Cynthia Carroll would step down from the post she has occupied since 2007. Carroll will remain on until a successor is appointed, with many already clamoring for  Xstrata's (XTA) soon-to-be-unemployed Mick Davis.

The news of Carroll's departure comes as little surprise. There have been mumblings and grumblings about her performance since the early days of her tenure, and they have only grown louder of late.

Daniel Rohr does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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