From The Dealing Desk 16-04-18

16 April 2018 | Stephan Maritz

AngloGold Ashanti CEO resigns


The CEO of AngloGold Ashanti [ANG], Srinivasan Venkatakrishnan, has resigned to take up his new post of CEO of Vedanta Resources, an Indian mining company. He will stay on as CEO of AngloGold until the end of August.

Venkatakrishnan has been with the company for 18 years and has been CEO for 5 of them. He was an integral part of the restructuring of the company’ South African assets. AngloGold has begun the search for a new CEO, but the process of finding a suitable replacement will not be an easy task.

This resignation hasn’t come at a great time as AngloGold’s share price has been under considerable pressure for an extended period of time now.


credit: Graph Provided by Sharenet Advanced Online Charts

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Stephan Maritz
Head of Trading and Portfolio Analyst 

Stephan heads up Sharenet’s trading desk and is a full-time trader and portfolio analyst, also responsible for equity research across industries. Stephan developed his passion for the markets while working in the Stockbroking division of Standard Bank and is especially passionate about CFD trading. Stephan studied at the University of Stellenbosch and completed a BComm Honours (Business Management) with a focus in Portfolio Management and Bonds. He has also passed the JSE Equity Trader’s Exam, RE5 (Representative) and RE1 (Key individual) Exams as well as the Registered Persons Exams (RPEs) in order to give advice on equities.

The information contained in this article is for informational purposes only and must not be regarded as a prospectus for any security, financial product or transaction. It is neither to be construed as financial advice nor to be regarded as a definitive analysis of any financial issue. Investors should consider this research/article as only a single factor in making their investment decision. We recommend you consult a financial planner/advisor to take into account your particular investment objectives, financial situation and individual needs. The views and opinions (where expressed) in this article are those of the author and do not necessarily reflect the official policy or position of Sharenet.