AGA23.04
9 November 2004
ANGLOGOLD ASHANTI APPOINTS DEPUTY CHIEF OPERATING OFFICERS
In the light of the expansion of the AngloGold Ashanti asset base following the merger with Ashanti to 22 operations in 11 countries around the world (including the Moab Khotsong project), a review of the present management structure has become appropriate. The challenges associated with the management of a large number of operations are exacerbated by geographical and orebody diversity and complex regional regulatory, tax and social development issues. In this review of the management structure, consideration was also given to the possible future expansion of AngloGold Ashanti's operations into its "new frontier" growth regions in Russia, Asia and South America.
Following this review, it has been decided to supplement the senior operating management structure with two new positions, a Deputy Chief Operating Officer for operations on the African continent and a similar position with responsibility for operations in the rest of the world.
Deputy Chief Operating Officers
With effect from 3 January 2005, Neville Nicolau, currently responsible for South African operations, will assume the position of Deputy Chief Operating Officer (Africa) and Roberto Carvalho Silva, currently responsible for the South American operations, will become the Deputy Chief Operating Officer (International). The Deputy Chief Operating Officers will report to Chief Operating Officer Dave Hodgson.
South Africa Region
With effect from 1 December 2004, Robbie Lazare, currently the General Manager at TauTona Mine, will be promoted to the position of Executive Officer: South Africa Region to replace Neville Nicolau and to report to him. From the same date, Bruce Chantler, presently General Manager at Savuka Mine, will assume responsibility for both the Savuka and TauTona mines. This arrangement will facilitate cost savings and the management of closure decisions with respect to Savuka.
East & West Africa and ex-Ashanti Regions
The persons responsible for these regions, Thys Sabbagha and Dan Owiredu, will report to Neville Nicolau.
South America Region
The current management structure in the South America Region will be unaltered and those managers reporting to the current regional head will, in future, report directly to the Deputy Chief Operating Officer (International).