news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
30 June 2008
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.”