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AngloGold Ashanti Ltd (ANGJ.J)

ANGJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Sipho Pityana

58 2014 Non-Executive Independent Chairman of the Board

Kelvin Dushnisky

55 2018 Chief Executive Officer, Executive Director

Christine Ramon

50 2014 Chief Financial Officer, Executive Director

Ludwig Eybers

51 2016 Deputy Chief Operating Officer

Maria Perez

52 2014 Executive Vice President - Legal, Commercial and Governance and Company Secretary

Tirelo Sibisi

49 Executive Vice President - Group Human Resources

Charles Carter

55 2013 Executive Vice President - Strategy and Business Development

Graham Ehm

61 2013 Executive Vice President - Group Planning and Technical

David Noko

60 2013 Executive Vice President - Group Sustainable Development

Chris Sheppard

59 2015 Chief Operating Officer, South Africa

Alan Ferguson

60 2018 Independent Non-Executive Director

Albert Garner

62 2015 Non-Executive Independent Director

Rhidwaan Gasant

58 2010 Non-Executive Independent Director

Nozipho January-Bardill

67 2011 Non-Executive Independent Director

Maria Ramos

60 2019 Independent Non-Executive Director

Maria Richter

64 2015 Non-Executive Independent Director

Rodney Ruston

68 2012 Independent Non-Executive Director

Jochen Tilk

55 2019 Independent Non-Executive Director

Sindiswa Zilwa

52 2017 Independent Non-Executive Director

Biographies

Name Description

Sipho Pityana

Mr. Sipho M. Pityana serves as Non-Executive Independent Chairman of the Board of the Company. He has extensive business experience having served in both an executive and non-executive capacity on several JSE listed boards of companies as well as running his own company, Izingwe Capital Proprietary Limited, which he chairs. He is chairman of the JSE-listed Onelogix and of Munich Reinsurance of Africa and a director of a number of manufacturing companies including Aberdare Cables. He also served on the boards of Bytes Technology Group, Afrox, SPESCOM the Old Mutual Leadership Group and Scaw Metals. He previously worked as an executive director of Nedcor Investment Bank and managing director of Nedbank. In addition to his private sector track record, Sipho has extensive public sector experience and international exposure. He was the first Director General of the Department of Labour in a democratic South Africa. As the Foreign Affairs Director General he represented South Africa in various international fora including the United Nations, African Union, Commonwealth and the International Labour Organization. He was one of the founding members of the governing body of the Commission for Conciliation, Mediation and Arbitration (CCMA) and Convenor of the South African government delegation to the National Economic Development and Labour Council (Nedlac). He is a member of the Advisory Council of the Council for the Advancement of the South African Constitution (CASAC).

Kelvin Dushnisky

Mr. Kelvin P. M. Dushnisky, J.D., has served as Chief Executive Officer, Executive Director of ANGLOGOLD ASHANTI LTD since September 1, 2018. He joins from Barrick Gold Corporation (“Barrick”), where he holds the role of President and Executive Director. “Following an extremely competitive global search, we’re pleased to name someone of Kelvin’s calibre and experience to lead this organisation,” AngloGold Ashanti Chairman Sipho Pityana, said. “Kelvin brings to us an impeccable set of values, a deep understanding of operating a large, complex global portfolio of mining assets and projects, and a keen familiarity of an evolving geopolitical landscape. He will head a strong, cohesive team committed to executing AngloGold Ashanti’s strategy of sustainably improving returns, through disciplined capital allocation. He holds a Juris Doctor degree from University of British Columbia, a BS degree from University of Manitoba, and an MSc degree from University of British Columbia.

Christine Ramon

Ms. Christine Ramon serves as Chief Financial Officer, Executive Director of the Company. She joined AngloGold Ashanti as CFO and executive director with effect from 1 October 2014, in compliance with the JSE Listings Requirements. Christine has held senior financial management and executive positions in various companies, in particular as CFO and executive director of Sasol Limited from 2006 to 2013. Prior to this, she was CEO of Johnnic Holdings Limited, having previously served as its financial director. Currently, she is a non-executive director on the boards of MTN Group Limited and Lafarge (France). She previously served on the boards of Transnet SOC Limited and Johnnic Communications Limited. Christine is a member of the South African Institute of Chartered Accountants and the Association for the Advancement of Black Accountants of South Africa. She served previously as a member of the Standing Advisory Committee to the International Accounting Standards Board and currently serves as Deputy Chair of the Financial Reporting Standards Council of South Africa. Christine’s current portfolio includes finance and treasury, insurance services, internal audit, taxation and information technology.

Ludwig Eybers

Mr. Ludwig Eybers serves as Deputy Chief Operating Officer of the Company. Ludwig had extensive experience working across a number of international jurisdictions over a 20-year career, has overseen an increase in productivity for the Continental Africa region, along with an improvement in safety. He will work closely with Ron Largent on budgeting and business planning, as well as on the execution of Operational Excellence initiatives.

Maria Perez

Ms. Maria Esperanza Sanz Perez serves as Executive Vice President - Legal, Commercial and Governance and Company Secretary of the Company of the Company. She holds BCom LLB; H Dip Tax; Admitted Attorney. She joined AngloGold Ashanti in June 2011 having worked in a number of industries and major corporate organisations. She has held legal roles at Investec Bank, Basil Read, Afrox and Sappi. She was also Group Head of Sustainability at Sappi. She was appointed Company Secretary in September 2012. Ria’s role is Executive Vice President: Group General Counsel and Company Secretary, with accountability for legal affairs, compliance, company secretarial, corporate cost reduction, and integrated reporting. She is also accountable for the legal and commercial aspects of global procurement.

Tirelo Sibisi

Ms. Tirelo Sibisi is Executive Vice President - Group Human Resources of the Company.

Charles Carter

Dr. Charles E. Carter serves as Executive Vice President - Strategy and Business Development of the Company. He holds BA (Hons); DPhil; EDP. He has worked in the mining industry in South Africa and the Americas since 1991, in a range of corporate roles with Anglo American plc, RFC Corporate Finance and AngloGold Ashanti. He is responsible for group strategy, business development, corporate finance, investor relations and communications portfolios. He has worked in the mining industry in South Africa and the Americas for more than 25 years and has had responsibility for a range of additional portfolios that include human resources, risk management, business planning and executive responsibility for the company’s business in Colombia.

Graham Ehm

Mr. Graham J. Ehm serves as Executive Vice President - Group Planning and Technical of the Company. He has, since 1977, gained diverse experience in mine operations and project management, covering the nickel, phosphate, copper, uranium and gold sectors. He has multi-commodity experience, has held senior leadership positions in AngloGold Ashanti in Tanzania and Australia. His current portfolio entails safety, business process framework (BPF), risk, asset optimisation, capital investment optimisation and monitoring of projects, studies and exploration. The Planning and Technical portfolio is his accountability.

David Noko

Mr. David Collen Noko serves as Executive Vice President - Group Sustainable Development of the Company. He holds MBA; Senior Executive Programme; Post Graduate Diploma in Company Direction; Higher National Diploma (Engineering). He leads the sustainability portfolio which comprises the disciplines of health, the environment, social and community affairs, corporate social investment, human rights, global security, stakeholder engagement and government relations. In this role he sets the company sustainability direction and strategy and positions the company externally as a leader within the global sustainability landscape. He has extensive experience both within the mining industry and beyond, having been in leadership roles at South African Breweries, Pepsi Cola, Air Chefs and De Beers Consolidated Mines Limited prior to joining AngloGold Ashanti in 2012.

Chris Sheppard

Mr. Chris Sheppard serves as Chief Operating Officer, South Africa of the Company. Chris, a mining engineer by profession, was most recently Managing Director of Murray & Roberts Cementation, one of Africa's largest mining contractors and a division of South Africa's largest publicly traded engineering & construction group. Over more than four years Chris had oversight across several countries and mineral types of activities including mining, shaft sinking, tunnelling, raise drilling, mine development and exploration drilling. He also led the drive to adapt the business to the challenging market conditions that have affected the global mining sector. Prior to that, Chris held positions as head of both mining and technical services at Lonmin Plc for four years, following six years at Anglo American Platinum Ltd., where he most recently held the post of Head Mining Technical Services. Chris is also an alumnus of Anglo American Plc's Gold & Uranium Division and AngloGold Ltd., where he served latterly as general manager of deep gold mining operations in the Free State between 1997 and 2001. Chris holds a Bsc in Mining Engineering from the University of the Witwatersrand, and also completed an Advanced Management Programme at Harvard Business School and a Management Development Programme at the University of South Africa.

Alan Ferguson

Mr. Alan Murray Ferguson has served as Independent Non-Executive Director of Anglogold Ashanti Ltd since October 1, 2018. Mr. Ferguson, a chartered accountant, is highly experienced in a range of finance roles. He was a former chief financial officer of a number of FTSE-listed entities, including Lonmin Plc (2007-2010) during his career as an executive, and since 2011 he has held non-executive directorships on a number of boards, including current positions with Johnson Matthey, Croda International and Marshall Motors Holdings, all based, and listed, in the United Kingdom. He holds a degree in Business Economics from University of Southampton, a BA in Economics from University of Waterloo, and a BS in Electrical Engineering from University of Waterloo. He serves as Member of the Audit and Risk Committee of the Company.

Albert Garner

Mr. Albert Garner serves as Non-Executive Independent Director of the Company. He has extensive experience in capital markets, corporate finance and mergers and acquisitions having worked with Lazard Frères & Co., LLC for 39 years in various leadership positions. He is one of the most senior bankers at Lazard, currently leading their special committee practice and chairing their fairness opinion committee. He formerly led Lazard’s corporate finance practice. Albert became a general partner in 1989 and is now Vice Chair – US Investment Banking. Over the past 10 years he has advised and acted as lead adviser to more than 50 companies and their boards of directors on transformative transactions.

Rhidwaan Gasant

Mr. Rhidwaan Gasant has served as Non-Executive Independent Director of ANGLOGOLD ASHANTI LTD since August 12, 2010. He is the former Chief Executive Officer of Energy Africa Limited, and sits on the boards of international companies and chairs the Audit and Risk Committees of international companies in the MTN Group. He is currently Chief Executive Officer of Rapid African Energy Holdings, a start-up oil and gas exploration company, focused on Africa. He is Member of the Governance and Nominating Committee of the Company. He has served as Chairman of the Audit and Risk Committee of the Company since April 2014.

Nozipho January-Bardill

Ms. Nozipho Patricia January-Bardill serves as Non-Executive Independent Director of the Company. She was an Executive Director, Corporate Affairs and spokesperson of the MTN Group where she also served on the boards of a number of operations in the MTN footprint. She is a former South African Ambassador to Switzerland, Lichtenstein and the Holy See, and former Deputy Director General, Human Capital Management and Head of the Foreign Service Institute in the then Department of Foreign Affairs (now DIRCO). She is currently the founder and executive director of Bardill & Associates, a consulting company focusing on strategic communications, high-level government relations, stakeholder management and gender equality in the workplace. She serves on the board of Credit Suisse Securities, Johannesburg and is also a member of the United Nations Expert Committee on the Elimination of Racial Discrimination and was recently appointed Interim Chief of Staff of UN Women in New York.

Maria Ramos

Ms. Maria Ramos is Independent Non-Executive Director of the Company. Ms Ramos has extensive commercial experience within the banking industry and has occupied prominent roles in South Africa, including transforming SA’s Treasury into one of the most efficient and effective state departments in the post-apartheid administration. Most recently, Ms Ramos served as the Chief Executive Officer of Absa Group Limited, a diversified financial services group with operations in 12 African markets. She retired at the end of February 2019.

Maria Richter

Ms. Maria D. C. Richter, Jr., has served as Non-Executive Independent Director of ANGLOGOLD ASHANTI LTD since January 1, 2015. She is an experienced FTSE 100 non-executive director who has served on a diverse range of UK and International boards. She previously served on the board of National Grid plc in the UK from 2003 to July 2014 where she was the chairperson of the finance committee and member of the audit and nominations committees. She currently sits on the boards of Rexel Group, France, a global leader in the professional distribution of energy products and services, and Bessemer Trust, a US wealth management company, and is a member of the audit and compensation committees of Rexel and the remuneration committee of Bessemer Trust. She also serves on the board of Pro Mujer International, a women’s microfinance network and is chairman of the board of trustees of Pro Mujer UK. Maria’s professional career spanned 1980 to 2002 during which time she served in various positions at the former Dewey Ballantine, Prudential, Salomon Brothers Inc. and Morgan Stanley & Co. She holds a BA degree from Cornell University, and a Juris Doctor degree from Georgetown University. She has been Member of the Human Resources Committee, Remuneration Committee, and Audit and Risk Committee of the Company since January 1, 2015.

Rodney Ruston

Mr. Rodney John (Rod) Ruston has served as Independent Non-Executive Director of ANGLOGOLD ASHANTI LTD since January 1, 2012. He holds a Bachelor of Engineering degree in mining engineering from University of New South Wales and an MBA from University of Wollongong and has over 35 years of business experience during which he has led private and publicly-listed companies in the resources, oil and gas and construction industries. His international experience as the chief executive of a heavy construction supply contractor coupled with chief executive roles with operating resource companies provides the board with a broad based director, who can provide insight and advice on the full range of domestic and international activities in the AngloGold Ashanti business. Rodney is currently the chief executive of County Coal Limited, a start-up Australian listed company, which he joined in July 2012. He was previously chief executive officer and President of North American Energy Partners Inc., a large Canadian mining and construction contracting company, which he took public with a listing on the NYSE and the TSX. Prior to that he was managing director of Ticor Ltd, an Australian-based titanium producer with operations in Australia and South Africa. Committees membership: Social, Management, Remuneration, Human Resources, Audit and Risk.

Jochen Tilk

Mr. Jochen E. Tilk has served as Independent Non-Executive Director of Anglogold Ashanti Ltd since January 1, 2019. Mr. Tilk, a mining engineer by training, was formerly chief executive officer of Inmet Mining Corporation, a Canada-based diversified mining company, and is currently executive chairman of Nutrien, the world’s largest provider of crop inputs created by the merger of Agrium and Potash Corporation of Saskatchewan, also based in Canada. He holds a Masters degree in Engineering from Rheinisch-Westfaelische Technische Hochschule Aachen.

Sindiswa Zilwa

Ms. Sindiswa Victoria Zilwa has been appointed as Independent Non-Executive Director of the Company, with effective 1 April 2017. Sindi is well regarded in the areas of accounting, auditing and business management. She has extensive board and audit committee experience in the public and private sectors, and currently sits on the boards of Discovery Limited, Aspen Limited, Metrofile Limited and Gijima Group Limited (unlisted). She is the CEO and co-founder of Nkonki Inc, a registered firm of auditors and advisors established in 1993. Sindi is a Chartered Accountant (SA) and a Chartered Director (SA).

Basic Compensation

Name Fiscal Year Total

Sipho Pityana

372,250

Kelvin Dushnisky

--

Christine Ramon

15,384,000

Ludwig Eybers

13,988,000

Maria Perez

11,769,000

Tirelo Sibisi

9,452,000

Charles Carter

16,866,000

Graham Ehm

14,689,000

David Noko

12,472,000

Chris Sheppard

11,461,000

Alan Ferguson

--

Albert Garner

200,750

Rhidwaan Gasant

182,000

Nozipho January-Bardill

179,500

Maria Ramos

--

Maria Richter

203,250

Rodney Ruston

212,000

Jochen Tilk

--

Sindiswa Zilwa

135,000
As Of  31 Dec 2017