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AngloGold Appoints New Chairman

Release Date: 30/04/2002 11:49
Code(s): ANG
Wrap Text
News Release
AngloGold Limited

(Incorporated in the Republic of South Africa) Corporate Affairs Department (Registration Number: 1944/017354/06) 16th Floor,
ISIN Number : ZAE000014601 11 Diagonal Street,
JSE Share code : ANG Johannesburg 2001,
NYSE Ticker : AU South Africa
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400 SKB/CAD/AGO304.02
30 April 2002 ANGLOGOLD APPOINTS NEW CHAIRMAN
CEO and current chairman of AngloGold, Bobby Godsell, announced the
appointment of a new chairman - Russell Edey - at the company's annual general meeting today. James Motlatsi will assume the position of deputy chairman. The appointments take effect on 1 May 2002.
Mr Edey, who has been deputy chairman since December 2000, is based in London where he is deputy chairman of N M Rothschild Corporate Finance, consultant to the Rothschild Group and a member of the Group's strategy committee. He is also a director of other listed companies in the United Kingdom. Mr Edey has been a non-executive director of AngloGold since its formation in 1998 and chairs the Board's investment and remuneration sub- committees.
Also a member of the AngloGold Board since its inception, Mr Motlatsi is chairman of the Board's employment equity sub-committee and CEO of TEBA Limited. He was president of the National Union of Mineworkers (NUM) from 1982 to 2000, and was president of the Southern Africa Miners' Federation and vice-president of the Miners' International Federation from 1986 to 1999. He served as vice-president of the International Chemical, Energy, Mining and General Workers' Union from 1995 to 2000.
Commenting on the appointment of Mr Edey, Mr Godsell said that when he had accepted the chairmanship of the company in December 2000, he said that he and his executive did not believe that the combination of the roles of chairman and chief executive officer was optimal. He had pointed out that both the King Report in South Africa and the Turnbull Principles in the United Kingdom shared this view.
"I said that we regarded the arrangement as temporary and that the Board would continue to keep the combined role under review and to identify a non- executive chairman at an appropriate time," he observed.
Mr Godsell remains an executive director and the CEO of AngloGold. ends Queries: www.anglogold.com
In South Africa Tel: Mobile: E-mail:
Steve Lenahan +27 11 637 6248 +27 83 308 2200 slenahan@anglogold.com Shelagh Blackman +27 11 637 6379 +27 83 308 2471 skblackman@anglogold.com In the UK / Europe
Tomasz Nadrowski +41 22 718 3312 +41 79 345 9774 tnadrowski@anglogold.com Alex Buck +44 20 7664 8712 +44 7932 2740 452 abuck@anglogold.com In the USA Charles Carter (Toll free) 800 417 9255
+1 212 750 7999 ccarter@anglogold.com In Australia
Andrea Maxey +61 8 9425 4604 +61 438 001 393 amaxey@anglogold.com.au