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Change to the board of directors
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| Thursday, April 09, 2009 |
Mr J H Mensah and Mr R E Bannerman have given notice of their intention to retire from the board at the close of the annual general meeting to be held on 15 May 2009.
In addition, Prof Wiseman Nkuhlu has today advised of his impending resignation from the board, given his standing for political office in the forthcoming general elections in South Africa. Prof Nkuhlu, who is currently the chairman of the audit and corporate governance committee, will resign from the board effective from the close of the meeting approving the filing with the United States Securities and Exchange Commission of the 2008 annual report on Form 20-F.
Commenting on the announcement, Russell Edey, the Chairman, said, “Both Mr Mensah and Mr Bannerman have served the interests of AngloGold Ashanti well and it has been a pleasure working with them. Prof. Nkuhlu has been an invaluable member of the board and in particular as chairman of our audit and corporate governance committee”.
The nominations committee will review potential candidates to fill these vacancies in due course.
DIRECTORATE CHANGES
The following changes have taken place to the board of AngloGold Ashanti Limited:
| Name |
Nature of Change |
| Prof. L W Nkuhlu |
Resigns from the board effective from the close of the meeting approving the filing of the 2008 annual report on Form 20-F |
| Mr R E Bannerman |
Retires from the board effective the close of annual general meeting on 15 May 2009 |
| Mr J H Mensah |
Retires from the board effective the close of annual general meeting on 15 May 2009 |
Taking account of the above the board of directors should read as follows:
Directors
| Mr R P Edey |
(Chairman) |
(British) |
| Dr T J Motlatsi |
(Deputy Chairman) |
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| Mr M Cutifani |
(Chief Executive Officer) |
(Australian) |
| Mr F B Arisman |
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(American) |
| Mr W A Nairn |
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| Mr S M Pityana |
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| Mr S Venkatakrishnan |
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(British) |
| Queries |
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Tel: |
Mobile |
E-mail: |
| Alan Fine (Media) |
+27 (0) 11 637 6383 |
+27 (0) 83 250 0757 |
afine@anglogoldashanti.com |
| Joanne Jones (Media) |
+27 (0) 11 637 6813 |
+27 (0) 82 896 0306 |
jjones@anglogoldashanti.com |
Disclaimer
Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti’s strategy to reduce its gold hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti’s operations, individually or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti’s exploration and production projects and completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources, including its intentions and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any pending litigation proceedings, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements 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 and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. 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.
AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglgoldashanti.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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