Wrap Text
ANG - AngloGold Ashanti Limited - Announces executive management changes
ANGLOGOLD ASHANTI ANNOUNCES EXECUTIVE MANAGEMENT CHANGES
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 EXECUTIVE MANAGEMENT CHANGES
AngloGold Ashanti is pleased to announce the appointment of Tony O`Neill to
the position of Executive Vice President ("EVP") - Business and Technical
Development and as a member of the company`s Executive Committee. In his new
role Mr O`Neill brings thirty years of gold and precious metals, iron ore and
base metals mining experience to AngloGold Ashanti. Previous executive
positions have included roles as Executive - Operations at Newcrest Mining
Limited, Executive General Manager responsible for Western Mining Corporation
Limited`s gold business, and senior operating roles at Kalgoorlie Consolidated
Gold Mines and Robe River Iron Ore operations.
The appointment of Tony O`Neill follows the retirement of Peter Rowe,
currently EVP - Business Effectiveness for AngloGold Ashanti`s global
operations. In addition to responsibility for the technical functions within the
company, Mr O`Neill will oversee the group`s exploration strategy, major capital
projects, global business improvement strategies and new business development
opportunities. Richard Duffy, currently EVP - Business Development, will move
to head the Africa team as EVP - Africa, with Robbie Lazare moving to head the
corporate Human Resources and Organisational Development function as EVP - Human
Resources. Nigel Unwin moves from head of Human Resources to EVP - Corporate
Services.
As part of the renewed focus on business transformation and value accretive
growth, Mr O`Neill will work closely with Charles Carter, EVP - Business
Strategy and CFO and Executive Director Srinivasan Venkatakrishan (Venkat), who
will lead corporate finance, asset disposals and corporate M&A. Mark Lynam, VP
- Finance, Treasury & Company Secretarial, will now also have responsibility for
company secretarial, compliance and tax. Thero Setiloane continues in role as
EVP - Sustainability, as does Graham Ehm, EVP - Australia, and Ron Largent, EVP
- Americas.
Commenting on the executive changes, CEO Mark Cutifani said "I am delighted
that Tony has joined the team, bringing as he does significant operational and
business expertise from successfully managing and leading complex and
technically challenging operations such as the Kalgoorlie "Super Pit" gold
operations, WMC`s gold business and Kambalda nickel operations, and more
recently Newcrest`s operations portfolio. Tony has been involved in our recent
asset review process and the development of turnaround strategies for Obuasi and
Geita. His proven technical excellence and leadership of large-scale business
turnarounds will enhance our approach to the improvements underway at many of
our operations, particularly in Africa. Together with Richard, Robbie and Nigel
moving roles, and working with Tony`s team, we will now have a strong focus on
growth, project and technical performance, delivery and the organisational
change interventions needed to drive value through our improving safety and
operational performance. Finally, I would also like to thank Peter Rowe for his
contribution to the business and the foundation that he has provided as we have
been developing our new operating and business management frameworks."
NOTE
Following the changes as detailed above, the Executive Committee of AngloGold
Ashanti will consist of:
Mark Cutifani* : Chief Executive Officer
Srinivasan Venkatakrishnan*: Chief Financial Officer
Charles Carter : EVP - Business Strategy
Richard Duffy : EVP - Africa
Graham Ehm : EVP - Australia
Ron Largent : EVP - Americas
Robbie Lazare : EVP - Human Resources
Mark Lynam : VP - Finance, Treasury and Company
Secretarial
Tony O`Neill : EVP - Business and Technical Development
Thero Setiloane : EVP - Sustainability
Yedwa Simelane : VP - Government Relations
Nigel Unwin : EVP - Corporate Services
* Executive director
Johannesburg
30 June 2008
JSE Sponsor : UBS
ENDS
Queries
South Africa
Himesh Persotam (Investor Relations) Tel: +27 (0) 11 637-6647
Mobile: +27 (0) 82 339 3890 E-mail: hpersotam@AngloGoldAshanti.com
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
Date: 30/06/2008 12:30:01 Supplied by www.sharenet.co.za
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