Wrap Text
ANG - AngloGold Ashanti Limited - Tito Mboweni appointed chairman of Anglogold
Ashanti
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")
TITO MBOWENI APPOINTED CHAIRMAN OF ANGLOGOLD ASHANTI
AngloGold Ashanti is pleased to announce the appointment of Tito Mboweni as
chairman of the company with effect from 1 June 2010. Mr Mboweni succeeds
Russell Edey who retires after eight years as chairman, and a member of the
board since AngloGold`s inception in 1998.
In appointing Mr Mboweni, the board took full cognisance of his long and
outstanding record of public service. As Labour Minister from 1994 to 1998, Mr
Mboweni was architect of South Africa`s post-apartheid labour legislation which
today continues to provide the basis for the mutually respectful labour
relationships central to AngloGold Ashanti`s operational approach in South
Africa. And the past ten years have cemented his reputation as one of the
world`s foremost and highly respected Central Bank governors.
Comments Mr Edey: "I am absolutely thrilled to be succeeded by Tito Mboweni.
His standing in international business and financial circles, and his clear
identification with the values upon which AngloGold Ashanti is built, is all
that our company could have asked for."
Says CEO Mark Cutifani: "We`re very pleased to be able to name someone of
Tito Mboweni`s calibre to chair our board. His experience and stature, both in
South Africa and abroad, is a tremendous asset to a company with AngloGold
Ashanti`s global portfolio and project pipeline, as well as our international
shareholder base."
Mr Cutifani also paid tribute to Russell Edey`s service to AngloGold Ashanti:
"Since joining the company in 2007, I have greatly appreciated Russell`s support
and backing. He provided continuity during a time of change and during a
challenging period for the global economy, during which we successfully executed
our hedge reductions and balance sheet restructuring. His vision, clear thinking
and integrity have provided the company with a solid governance platform on
which to execute our strategy. We wish him all the best for the future."
Johannesburg
24 February 2010
JSE Sponsor : UBS Limited
Contacts
Alan Fine (Media) Tel: +27 (0) 11 637 6383 Mobile: +27 (0) 83 250 0757
E-mail: afine@anglogoldashanti.com
Joanne Jones (Media) Tel: +27 (0) 11 637- 6813 Mobile: +27 (0) 82 896 0306
E-mail: jjones@AngloGoldAshanti.com
Sicelo Ntuli (Investor) Tel: +27 (0) 11 637 6339 Mobile: +27 (0) 71 608 991
E-mail: sntuli@AngloGoldAshanti.com
Stewart Bailey (Investor) Tel: +1 212 836 4303 Mobile: +1 646 338 4337
E-mail: sbailey@AngloGoldAshanti.com
Certain statements made in this communication, including, without limitation,
those concerning AngloGold Ashanti`s strategy to reduce its gold hedging
position including the extent and effects of the reduction, the economic outlook
for the gold mining industry, expectations regarding gold prices, production,
cash costs and other operating results, growth prospects and outlook of
AngloGold Ashanti`s operations, individually or in the aggregate, including the
completion and commencement of commercial operations of certain of AngloGold
Ashanti`s exploration and production projects and completion of acquisitions and
dispositions, AngloGold Ashanti`s liquidity and capital resources, and
expenditure and the outcome and consequences of any pending litigation
proceedings, 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 2008,
which was distributed to shareholders on 27 March 2009 and the company`s annual
report on Form 20-F, filed with the Securities and Exchange Commission in the
United States on May 5, 2009 as amended on May 6, 2009. 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. All subsequent written or
oral forward-looking statements attributable to AngloGold Ashanti or any person
acting on its behalf are qualified by the cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main
page of its website at www.anglogoldashanti.com and under the "Investors" tab on
the main page. This information is updated regularly. Investors should visit
this website to obtain important information about AngloGold Ashanti.
Date: 24/02/2010 11:58:02 Supplied by www.sharenet.co.za
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