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AngloGold Ashanti appoints new CEO

The third largest mining company in the world has announced a new CEO and Executive Director, following the departure of its existing one.

AngloGold Ashanti has announced in a statement this week that it has appointed Kelvin Dushnisky as CEO and Executive Director of the Board of Directors of AngloGold Ashanti, effective September 2018.   

The company’s current CEO Srinivasan Venkatakrishnan, will depart the company by the end of August and move to Vedanta Resources.

Dushnisky, who will relocate to Johannesburg where AngloGold Ashanti is based, moves from his current role as President and Executive Director of Barrick Gold Corporation.

As president of the company for three years, Dushnisky held direct responsibility for the company’s overall business and oversight of its Australian, African and MENA operations.

“AngloGold Ashanti has a strong portfolio of assets and an exciting pipeline of organic growth opportunities,” said Mr. Dushnisky. “I’m honoured to be selected for this role, and look forward to working alongside a world-class team in building on the excellent work already done, as we unlock the enormous potential that exists in the Company.”

Related stories:

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AngloGold Ashanti CEO to become CEO of Vedanta Resources

AngloGold to invest $500m to restart Obuasi gold mine

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Dushnisky also represented Barrick at the World Gold Council and the International Council on Mining and Metals (ICMM). He is a member of the International Advisory Board of the Shanghai Gold Exchange and the Accenture Global Mining Executive Council.

“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.”

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