| Mon 12 Nov 2007, 17:05 | | ANG - Anglogold Ashanti Announces Operational Mana |
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ANG
ANANO
ANG - Anglogold Ashanti Announces Operational Management Restructure And
Change To The Board
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number: ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
ANGLOGOLD ASHANTI ANNOUNCES OPERATIONAL MANAGEMENT RESTRUCTURE AND CHANGE TO
THE BOARD
In developing a strategy that places renewed emphasis on safety, productivity
improvement and enhanced shareholder value, new CEO Mark Cutifani has
initiated a management restructuring in which operational reporting will be
brought one step closer to the CEO. The company will be moving to a regional
operating structure in which there will be three operating heads reporting
directly to the CEO, resulting in the Chief Operating Officer structure being
redundant with immediate effect.
As a consequence of these changes and reflecting his own desire to pursue
other opportunities, Neville Nicolau has advised the company of his intention
to leave AngloGold Ashanti.
Cutifani commented, "We wish Neville well on his chosen path and we all join
in thanking him for 29 years of dedicated and distinguished service, initially
with Anglo American and then with AngloGold Ashanti since the formation of the
company."
Further announcements regarding structure and appointments will be made in due
course.
DIRECTORATE CHANGES
The following changes have taken place to the board of AngloGold Ashanti
Limited:
Name Nature of Change
Mr N F Nicolau Resigned effective 12 November 2007
Taking account of the above the board of directors should read as follows:
Directors Alternate
Mr R P Edey (Chairman) (British)
Dr T J Motlatsi (Deputy Chairman)
Mr M Cutifani (Chief Executive Officer) (Australian)
Mr F B Arisman (American)
Mr R E Bannerman (Ghanaian)
Mrs E le R Bradley
Mr J H Mensah (Ghanaian)
Mr W A Nairn
Prof. L W Nkuhlu
Mr S M Pityana
Mr S R Thompson (British)
Mr S Venkatakrishnan (British)
ENDS
Monday, 12 November 2007
JSE Sponsor - UB
Queries
South Africa Tel: Mobile:
Charles Carter +27(0)11 637 6385 +27 (0) 82 330 5373
E-mail: cecarter@AngloGoldAshanti.com
Steve Lenahan +27(0)11 637 6248 27(0)83 308 2200
slenahan@AngloGoldAshanti.com
Certain statements made during this communication, including, without
limitation, those concerning the economic outlook for the gold mining
industry, expectations regarding gold prices, production, cash costs and other
operating results, growth prospects and the outlook of AngloGold Ashanti`s
operations including the completion and commencement of commercial operations
of certain of AngloGold Ashanti`s exploration and production projects, and its
liquidity and capital resources and expenditure, contain certain forward-
looking statements regarding AngloGold Ashanti`s operations, economic
performance and financial condition. Although AngloGold Ashanti believes that
the expectations reflected in such forward-looking statements are reasonable,
no assurance can be given that such expectations will prove to have been
correct. Accordingly, results could differ materially from those set out in
the forward-looking statements as a result of, among other factors, changes in
economic and market conditions, success of business and operating initiatives,
changes in the regulatory environment and other government actions,
fluctuations in gold prices and exchange rates, and business and operational
risk management. For a discussion of such factors, refer to AngloGold
Ashanti`s annual report for the year ended 31 December 2006, which was
distributed to shareholders on 29 March 2007. AngloGold Ashanti undertakes no
obligation to update publicly or release any revisions to these forward-
looking statements to reflect events or circumstances after today`s date or to
reflect the occurrence of unanticipated events.
Date: 12/11/2007 17:05:01 Produced by the JSE SENS Department.
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