Management changes at AngloGold Ashanti as...
Sam Jonah gets more on his plate
Source: AGA | Posted: Monday, March 21, 2005
After each serving more than 30 years with the AngloGold Ashanti, Anglo American and De Beers companies, including the last ten on the AngloGold Ashanti Executive Committee, Chief Operating Officer Dave Hodgson and Chief Financial Officer Jonathan Best have indicated their wish to retire during 2005.
Jonathan Best will retire at the end of July 2005. The Board, on the recommendation of the Nominations Committee, will appoint Srinivasan Venkatakrishnan (Venkat) as Chief Financial Officer from August 1 2005.
It will also appoint Venkat to the Board from that date as an Executive Director.
Venkat served as CFO of Ashanti Goldfields for four years, playing a key role in the financial restructuring of that company. Since May last year he has served as the deputy CFO.
Dave Hodgson will retire at the end of April 2005. In view of the company's size, with 21 operations in ten countries on four continents, the Board believes that it is necessary to appoint two Chief Operating Officers in his place.
Neville Nicolau and Roberto Carvalho Silva are currently Deputy COOs for operations in Africa and those in the Americas and Australia respectively.
They will be appointed Chief Operating Officers with these geographically-defined responsibilities and join the Board as Executive Directors from May 1 2005. Mr Nicolau and Mr Carvalho Silva will report to the company President, Sam Jonah.
Bobby Godsell, CEO, commented: "Dave and Jonathan have made an invaluable contribution to this company over the last ten years.
I am delighted that they have agreed to remain consultants to the company for at least their first year of retirement. In Venkat, Neville and Roberto we are fortunate to have three experienced executives to assume these key positions."
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