| Tue 9 Nov 2004, 17:52 | | APPOINTMENT OF DEPUTY CHIEF OPERATING OFFICERS |
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ANGLOGOLD ASHANTI ANNOUNCES APPOINTMENT OF DEPUTY CHIEF OPERATING OFFICERS
AngloGold Ashanti Limited
(formerly AngloGold 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 APPOINTS DEPUTY CHIEF OPERATING OFFICERS
In the light of the expansion of the AngloGold Ashanti asset base following
the merger with Ashanti to 22 operations in 11 countries around the world
(including the Moab Khotsong project), a review of the present management
structure has become appropriate. The challenges associated with the management
of a large number of operations are exacerbated by geographical and orebody
diversity and complex regional regulatory, tax and social development issues.
In this review of the management structure, consideration was also given to the
possible future expansion of AngloGold Ashanti`s operations into its `new
frontier` growth regions in Russia, Asia and South America.
Following this review, it has been decided to supplement the senior operating
management structure with two new positions, a Deputy Chief Operating Officer
for operations on the African continent and a similar position with
responsibility for operations in the rest of the world.
Deputy Chief Operating Officers
With effect from 3 January 2005, Neville Nicolau, currently responsible for
South African operations, will assume the position of Deputy Chief Operating
Officer (Africa) and Roberto Carvalho Silva, currently responsible for the South
American operations, will become the Deputy Chief Operating Officer
(International). The Deputy Chief Operating Officers will report to Chief
Operating Officer Dave Hodgson.
South Africa Region
With effect from 1 December 2004, Robbie Lazare, currently the General
Manager at TauTona Mine, will be promoted to the position of Executive Officer:
South Africa Region to replace Neville Nicolau and to report to him. From the
same date, Bruce Chantler, presently General Manager at Savuka Mine, will assume
responsibility for both the Savuka and TauTona mines. This arrangement will
facilitate cost savings and the management of closure decisions with respect to
Savuka.
East & West Africa and ex-Ashanti Regions
The persons responsible for these regions, Thys Sabbagha and Dan Owiredu,
will report to Neville Nicolau.
South America Region
The current management structure in the South America Region will be
unaltered and those managers reporting to the current regional head will, in
future, report directly to the Deputy Chief Operating Officer (International).
North America Region
With effect from 3 January, Ron Largent, the manager of Cripple Creek &
Victor in Colorado, who currently reports to Ben Guenther, Head of the Corporate
Technical Group, will report to Don Ewigleben, the President and Chief
Administration Officer of AngloGold Ashanti North America, who will report to
the Deputy Chief Operating Officer (International). Ben Guenther will retain
responsibility for the Corporate Technical Group.
Australia Region
Peter Rowe, head of the Australia region, will, from 3 January, also report
to the Deputy Chief Operating Officer (International).
ends
Johannesburg
9 November 2004
Date: 09/11/2004 05:04:04 PM
Produced by the JSE SENS Department
