Mark Moody-Stuart

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Sir Mark Moody-Stuart (born September 15, 1940, Antigua) is chairman of Anglo American plc, an ex-chairman of Royal Dutch Shell, and a director of HSBC Holdings and of Accenture. He is a member of the UN Secretary General's Advisory Council for the Global Compact.

Moody-Stuart became a Managing Director of the Shell Transport and Trading Company, p.l.c. in 1991 and was Chairman from 1998-2001. He was succeeded by Sir Philip Watts.

Power 100

25: Sir Mark Moody-Stuart
Career: After joining Shell in 1966, Sir Mark Moody-Stuart held various jobs within the oil group over 39 years; he was chairman and managing director before serving as a non-executive director from 2001 till this year. He became non-executive chairman of the mining company Anglo American in 2002 and a non-executive director of HSBC in 2001. He is a director of Accenture, the management consultancy.
  • Chris Fay [see No. 95] worked with Moody-Stuart at Shell in various roles until 1998. Fay joined Anglo American as a non-executive director in 1999 and was joined by Moody-Stuart in 2002.
  • Sir William Purves, former chairman of HSBC, was a non-executive director of Shell from 1993 to 2002 while Moody-Stuart was chairman and managing director.[1]

G8 favourite Corporate statesman

A report by Human Rights Watch[2] (HRW) alleges that mining giant AngloGold Ashanti (see Lynda Chalker) has worked extensively with mercenaries and warlords in order to gain access to the precious metals of the Democratic Republic of Congo, scene of a bitter decade-long civil war. What makes these revelations particularly ironic is that AngloGold is part of the Anglo-American group who have played a leading role in advising Tony Blair's Commission for Africa (CfA) on poverty reduction.

Anglo American is chaired by Sir Mark Moody-Stuart, the G8's favourite corporate statesman, who for the last year has sat on the Business Contact Group of the Commission for Africa. In July he will be chairing the G8 Business Summit on the eve of the G8 in London (5-6 July). Furthermore, HRW launched its report at the beginning of June to coincide with Anglo American's co-chairing of the Africa Economic Summit in Cape Town, South Africa. This event, partly designed to promote the CfA findings to Africa's business community, was also designed to showcase how the G8's corporations will be Africa's salvation. These revelations have certainly gone some way to sour that myth.

AngloGold stands accused of paying protection money to the FNI armed group, based in northeastern Congo, home to the Mongbwalu gold mines. It is also accused of lending jeeps and other vehicles to FNI leaders, and allowing its leadership to reside in company accommodation. AngloGold did not rely on the FNI's gun-toting child soldiers for its protection, but brought in mercenary company ArmorGroup (chaired by Conservative politician Malcolm Rifkind) to supply further armed muscle.


He is also on the boards of:

External links


  1. "Sir Mark Moody-Stuart", in the "Power 100", The Times, 7 November 2005, accessed October 2008
  2. "The curse of gold", Human Rights Watch, 2005, accessed October 2008. The report is summarised in "D.R. Congo: Gold Fuels Massive Human Rights Atrocities", Human Rights News, 2 June 2005, accessed October 2008