Wrap Text
Change to Board of Directors
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
News Release
15 July 2013
CHANGE TO THE BOARD OF DIRECTORS
In compliance with Paragraph 3.59(b) of the JSE Listings Requirement, shareholders are
advised of the resignation of Mr Anthony Martin O’Neill (‘Tony’) as an executive director from the
Board of Directors with effect from 19 July 2013. In addition he has decided to take early
retirement and will be relinquishing his position at the company as Executive Vice President:
Business and Technical Development. Mr O’Neill last working day at the company will be 19
July 2013.
Tony leaves having fulfilled his commitment to assist in the transition of AngloGold Ashanti’s
new leadership team, which was announced in May. He has served AngloGold Ashanti and its
stakeholders with distinction over his five years at the company, providing a wealth of industry
experience and technical capability to the board and its committees, as well as to the
management team.
“Tony stepped in and played a vital role as Acting Joint Interim Chief Executive earlier this year
and helped make sure that there was a seamless transition at AngloGold Ashanti. As a board we
are very grateful for the role that he has played leading innovation and exploration over the past
5 years and we are sure that we will continue to reap the benefits of his work for many years to
come”, Mr Tito Mboweni, AngloGold Ashanti Chairman said.
“AngloGold Ashanti has benefited greatly from having one of the mining industry’s most gifted
engineers and leaders to help guide it through a challenging operating environment,” Chief
Executive Officer Mr Srinivasan Venkatakrishnan added, “His input at every level has been
greatly valued and he will be greatly missed.”
Mr O’Neill joined AngloGold Ashanti in July 2008 with 30 years’ experience in the industry. As
Executive Vice President: Business and Technical Development where he had full accountability
for a wide global portfolio ranging from Exploration, Innovation & Improvement, Business
Development, Project Capital, Asset Management, Business Knowledge & Information
Technology, Supply Chain and Safety & Environment.
Mr O’Neill was appointed as an executive director on 20 February 2013 and as Joint Acting
Chief Executive Officer with Mr Venkatakrishnan with effect from 1 April 2013, following the
resignation of Mr Mark Cutifani as CEO on 31 March 2013. Prior to that, Mr O’Neill was
Executive Vice President: Business and Technical Development, a position he reverted to
following the appointment of Mr Venkatakrishnan as Chief Executive Officer on 8 May 2013.
JSE Sponsor: UBS South Africa (Pty) Limited
ENDS
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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 +27 11 637 6031 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
General inquiries +27 11 637 6059 investors@anglogoldashanti.com
Disclaimer
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.
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