AngloGold Ashanti appoints Cutifani successor

AngloGold Ashanti has appointed Srinivasan Venkatakrishnan, its chief financial officer (CFO), as its new CEO, replacing Mark Cutifani, who has taken over the leadership at Anglo American.

"We're extremely pleased to have an executive of Mr Venkatakrishnan's calibre to lead AngloGold Ashanti through the next phase of its development," AngloGold's chairman Tito Mboweni said in a statement.

Mr Venkatakrishnan, or Venkat, has been with AngloGold for nine years. He was the CFO at Ashanti Goldfields until that company's merger with AngloGold Limited in May 2004, creating what is now AngloGold Ashanti. Shortly after the merger he became CFO of the combined entity and joined the board in 2005. He had also previously been a Director of Corporate Reorganisation Services at Deloitte & Touche in London.

More recently, following Cutifani's departure, Venkat had been joint interim CEO of AngloGold, alongside Tony O'Neill, who will now revert to his role as Executive Vice President: Business and Technical Development.

Venkat will remain CFO until a replacement is found.

AngloGold, which is under pressure to split it's South African and international assets, releases its March quarter results on Monday.

Image: © AngloGold Ashanti

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