To view the PDF file, sign up for a MySharenet subscription.

ANGLOGOLD ASHANTI LIMITED - Appointment of CFO

Release Date: 21/05/2013 14:00
Code(s): ANG     PDF:  
Wrap Text
Appointment of CFO

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 – JSE share code: ANG \ CUSIP: 035128206 – NYSE share code: AU
Website: www.anglogoldashanti.com


21 May 2013

APPOINTMENT OF A CHIEF FINANCIAL OFFICER

In order to ensure segregation of roles and continuity within the executive team, Mr Richard
Duffy will be appointed Chief Financial Officer (“CFO”) of AngloGold Ashanti on 1 June 2013,
to take over from Mr Srinivasan Venkatakrishnan following his recent appointment as Chief
Executive Officer of the Company.

In terms of the JSE Listings Requirements, Mr Duffy will also be appointed as an executive
director of the Company on 1 June 2013. The global search for a CFO announced on 8 May
2013 will continue, to find a successor to Mr Duffy in due course.

Mr Duffy has 25 years of global mining industry experience, initially with Anglo American,
from 1987 and then AngloGold Ashanti, from its inception in 1998. At AngloGold Ashanti, he
has worked across a number of key areas. He was appointed Executive Officer: Business
Planning in 2004 during which time he also deputised for the CFO. From 2004 to 2008
Mr Duffy was Executive Vice President: Business Development, accountable for mergers
and acquisition activities as well as greenfields exploration. He was appointed as Executive
Vice President: Africa in June 2008 and Executive Vice President: Continental Africa in
February 2010. He has a Bachelor's Degree in Commerce and a Master’s Degree in
Business Administration.

JSE Sponsor: UBS South Africa (Pty) Limited

ENDS

______________________________________________________________________________________________________________
Contacts
Media                            Tel:                                                               E-mail:
Alan Fine                        +27-11 637- 6383 / +27 (0) 83 250 0757                                afine@anglogoldashanti.com
Chris Nthite                     +27 (0) 11 637 6388/+27 (0) 83 301 2481                             cnthite@anglogoldashanti.com
Stewart Bailey                   +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021                 sbailey@anglogoldashanti.com
General inquiries                                                                                     media@anglogoldashanti.com

Investors
Stewart Bailey                   +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021                  sbailey@anglogoldashanti.com
Sabrina Brockman (US & Canada)   +1 (212) 858 7702 / +1 646 379 2555                             sbrockman@anglogoldashanti.com
Mike Bedford (UK & Europe)       +44 779 497 7881 / +44 1225 93 8483                              mbedford@anglogoldashanti.com
Fundisa Mgidi (South Africa)     +27 11 6376763 / +27 82 821 5322                                    fmgidi@anglogoldashanti.com
General inquiries                                                                                  investors@anglogoldashanti.com


Certain statements contained in this document, other than statements of historical fact, including, without limitation, those
concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs and
other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s
operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of
commercial operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions
and dispositions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and
consequence of any potential or pending litigation or regulatory proceedings or environmental issues, are forward-looking
statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. These forward-looking
statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s
actual results, performance or achievements to differ materially from the anticipated results, performance or achievements
expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected
in such forward-looking statements and forecasts 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, social and political and market conditions, the success of business and
operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals,
fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, and business and
operational risk management. For a discussion of such risk factors, refer to the document entitled “Risk factors related to
AngloGold Ashanti’s suite of 2012 reports” on the AngloGold Ashanti online corporate report website at www.aga-reports.com.
These factors are not necessarily all of the important factors that could cause AngloGold Ashanti’s actual results to differ
materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have
material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward-looking
statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except
to the extent required by applicable law. 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. This communication may contain
certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in
managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the
reported operating results or cash flow from operations or any other measures of performance prepared in accordance with
IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may
use. 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: 21/05/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story