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ANG - AngloGold Ashanti - Anglogold Ashanti Announces The Retirement Of

Release Date: 31/07/2007 08:52
Code(s): ANG
Wrap Text

ANG - AngloGold Ashanti - Anglogold Ashanti Announces The Retirement Of Bobby Godsell 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 THE RETIREMENT OF BOBBY GODSELL BOBBY GODSELL RETIRES AS CEO AT ANGLOGOLD ASHANTI The Chairman of AngloGold Ashanti, Russell Edey, this morning announced that Bobby Godsell would be retiring from the company and the board with effect from 30 September 2007. Mr Godsell was appointed Chief Executive Officer of the Gold and Uranium Division of Anglo American in July 1995 and Chief Executive Officer of AngloGold Ashanti in April 1998. The company simultaneously announced the appointment of Mark Cutifani as Mr Godsell`s successor. Mr Cutifani currently holds the position of Chief Operating Officer at CVRD Inco where he has responsibility for CVRD Inco`s global nickel business. He will take up his new position in mid-September. Commenting on the announcement, Russell Edey said, "The board and management of AngloGold Ashanti are very fortunate to have had the benefits of Bobby`s inspiration, leadership and innovative flair for the past 12 years. I have no doubt that he will continue to make a contribution to South Africa in whatever course he chooses now to follow. We believe that Mark Cutifani is a person well-suited to meet the challenges which face AngloGold Ashanti and the gold industry at large". Bobby Godsell said today, "It is the right time to change leaders. In Mark Cutifani, a mining engineer with a wide and impressive track record of both operating and executive experience across a range of minerals, including gold, and on several continents, we have a new leader who brings exactly the qualities and experience needed for AngloGold Ashanti`s new chapter. "For my own part, after 34 years in corporate life I am looking forward to exploring new ways of being a constructive citizen of my country." Appointment of Neville Nicolau as Sole Chief Operating Officer Additionally, Mr Edey today announced that Roberto Carvalho Silva, after a long and impressive career with this company and its predecessor, spanning more than three decades, has decided to leave AngloGold Ashanti in September. The board and management wish him well in his future pursuits. Neville Nicolau will become the Chief Operating Officer of the company with responsibility for all operations. Mr Carvalho Silva will assist Mr Nicolau in the consolidation of the two operating regions, which will commence as soon as possible. ENDS 31 July 2007 Johannesburg Note for Editors A summarized version of Mr Cutifani`s resume is attached for information. MARK CUTIFANI Education University of Wollongong, Wollongong B.E., Mining Engineering (First Class Honours) Previous Experience 2007-date INCO Chief Operating Officer 2003-2006 INCO Ltd. Toronto, Ontario
2006 Chief Operating Officer 2005-2006 President, North America and Europe 2004-2005 President, Ontario Operations 2003-2004 Vice President, Mines Operations, Canada and UK 2000-2002 SONS OF GWALIA LTD West Perth, Australia Managing Director 1998-2000 NORMANDY MINING LTD Adelaide, Australia 1999-2000 Group Executive, Mining and Development 1998-1999 Group Executive, Mining 1994-1997 WMC LTD 1997 Group Manager, Project Management 1994-1996 Manager, Operations - Nickel 1993-1994 SAVAGE RESOURCES LTD General Manager, Coal
1988-1993 KALGOORLIE CONSOLIDATED GOLD MINES 1991-1993 General Manager, Operations, Gold 1990-1991 Manager, Business Analysis and Development 1989-1990 Manager, Open Cuts Operations 1988-1989 Resident Manager, KMA 1976 -1988 CRA LTD Melbourne, Australia 1986-1988 Manager, Coal, Coalcliff 1984-1986 Deputy Manager and Operations Superintendent Engineer, Planning, Coalcliff 1976- 1982 Miner/Cadet/Trainee Personal Details Mark, an Australian, is 49 years old. He and his wife, Luana, have four young children. Queries South Africa Steve Lenahan Tel: +27(0)11 637 6248 Mobile: 27(0)83 308 2200 E-mail: slenahan@AngloGoldAshanti.com Alan Fine Tel: +27(0)11 637 6383 Mobile: +27(0) 83 250 0757 E-mail: afine@AngloGoldAshanti.com Date: 31/07/2007 08:52:17 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.