AngloGold Ashanti Limited - Anglogold Ashanti Announces Management Changes
ANGLOGOLD ASHANTI ANNOUNCES MANAGEMENT CHANGES
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`)
Management changes at AngloGold Ashanti
After each serving more than 30 years with the AngloGold Ashanti, Anglo
American and De Beers companies, including the last ten on the AngloGold Ashanti
Executive Committee, Chief Operating Officer Dave Hodgson and Chief Financial
Officer Jonathan Best have indicated their wish to retire during 2005.
Jonathan Best will retire at the end of July 2005. The Board, on the
recommendation of the Nominations Committee, will appoint Srinivasan
Venkatakrishnan (Venkat) as Chief Financial Officer from 1 August 2005. It will
also appoint Venkat to the Board from that date as an Executive Director.
Venkat served as CFO of Ashanti Goldfields for four years, playing a key role in
the financial restructuring of that company. Since May last year he has served
as the deputy CFO.
Dave Hodgson will retire at the end of April 2005. In view of the company`s
size, with 21 operations in ten countries on four continents, the Board believes
that it is necessary to appoint two Chief Operating Officers in his place.
Neville Nicolau and Roberto Carvalho Silva are currently Deputy COOs for
operations in Africa and those in the Americas and Australia respectively. They
will be appointed Chief Operating Officers with these geographically-defined
responsibilities and join the Board as Executive Directors from 1 May 2005. Mr
Nicolau and Mr Carvalho Silva will report to the company President, Sam Jonah.
Bobby Godsell, CEO, commented: `Dave and Jonathan have made an invaluable
contribution to this company over the last ten years. I am delighted that they
have agreed to remain consultants to the company for at least their first year
of retirement. In Venkat, Neville and Roberto we are fortunate to have three
experienced executives to assume these key positions.`
ends
Johannesburg
17 March 2005
Date: 17/03/2005 03:35:00 PM
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