Xstrata
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This article is part of the Mining and Metals project of Spinwatch |
Xstrata is a FTSE 100 Anglo-Swiss mining company, of which 34.5% is currently owned by mining giant Anglo American.[1] In 2011 its chief executive Mick Davis was ranked as the highest-earning CEO of the FTSE 100.[2]
Activities
Stratospheric executive pay and tax havens
The Directors' Pay Report 2011 by IDS revealed that Xstrata CEO Mick Davis earned £18,426,105 in the year till June 2011, making him the highest-earning FTSE 100 CEO of the year.[2]
A new tax havens database published in October 2011 by the anti-poverty charity ActionAid revealed that Xstrata has 55 subsidiaries in tax havens, 14% of its total. [3]
Falconbridge Acquisition
In 2006 Xstrata acquired 100 per cent of Falconbridge,[4] in a deal steered by Ian Hannam of JP Morgan.[5]
People
- Mick Davis, chief executive. Also heads the United Jewish Israel Appeal.
- Trevor Reid, chief financial officer
- Santiago Zaldumbide, executive director and Chief Executive of Xstrata Zinc
- Sir John Bond, chairman, former boss at HBSC, then Vodafone
- David Rough, Deputy Chairman and Senior Independent director
- Dr Con Fauconnier
- Ivan Glasenberg
- Peter Hooley
- Claude Lamoureux
- Aristotelis Mistakidis
- Tor Peterson
- Sir Steve Robson CB, former UK second permanent secretary at HM Treasury and a non-executive director of the Royal Bank of Scotland until 2009
- Ian Strachan
In March 2012 Xstrata was ranked last in a Cranfield Business School survey of FTSE 100 companies by the number of women on its boards.[6]
PR and lobbyists
- Edelman - listed on the Association of Professional Political Consultants Register in 2010 and 2011 [7] [8]
- Regester Larkin in 2008 for 'reputation management' [9]
Affiliations
Contact
Address:
- Registered Office:
- 4th Floor 25/27 Haymarket
- London, UK
- SW1Y 4EN
Head Office:
- Bahnhofstrasse 2, PO Box 102
- Zug
- 6301
- Switzerland
Website: xstrata.com/
Resources
Notes
- ↑ Alex MacDonald, Glencore lockups expire; may facilitate big deals, MarketWatch, 24 November 2011, accessed 1 December 2011
- ↑ 2.0 2.1 Directors' Pay Report 2011 (2011), IDS, London. See also: Stephen Foley, 'Business as usual: top directors get 49 per cent pay rise', The Independent, 28 October 2011, accessed 30 November 2011
- ↑ ActionAid 'Addicted to tax havens', 11 October 2011, accessed same day; FTSE 100 Tax Haven Tracker, Action Aid, accessed 1 November 2011
- ↑ News Release: Xstrata Completes Acquisition of Falconbridge', Xstrata, 2 November 2006, accessed 30 November 2011
- ↑ Marion Dakers, ‘Heritage Oil shares surge after talk of takeover interest from the Middle East’, “City AM”, 18 March 2011, accessed 10 July 2011
- ↑ Anna White, Sir John is just the man for Xtrata, 14 Mar 2012, acc 15 March 2012
- ↑ APPC Register Entry for 1 June 2011 to 31 August 2011
- ↑ APPC Register Entry for 1 December 2010 to 28 February 2011
- ↑ Regester Larkin clients, Retrieved from the Internet archive of 21 December 2008 on 2 may 2011