AngloGold Ashanti plc announces that Ms. Maria Ramos,
independent non-executive director and chairman of the Board of
Directors, has elected not to stand for re-election at the upcoming
annual general meeting of shareholders on 28 May 2024.
The Board of Directors has voted unanimously to appoint Mr.
Jochen Tilk as Chairman of the Board of Directors with effect from
28 May 2024, subject to his re-election at the AGM. Ms. Ramos
served as director of AngloGold Ashanti since 1 June 2019 and
Chairman since 5 December 2020. Mr. Tilk has been an independent
non-Executive Director of AngloGold Ashanti since 1 January 2019
and is Chairman of the board’s Investment Committee.
“We are grateful for Maria’s enormous contribution to AngloGold
Ashanti during her tenure as Chairman,” said AngloGold Ashanti CEO
Alberto Calderon. “She has exemplified the highest levels of
ethics, governance and strategic guidance, while being a great
support to me in my role. We wish her the very best and every
success in her new endeavours.”
Mr. Tilk, who holds a master’s degree in mining engineering, has
deep experience in the global mining sector. He was previously
Executive Director of Nutrien Inc., a Canadian global supplier of
agricultural goods and services. He is the former President and CEO
of Potash Corp., a large producer of crop nutrients. Prior to that,
Mr. Tilk spent 25 years with Inmet Mining Corp., a global mining
company, the last five of which were as President and CEO. Mr. Tilk
is currently non-executive director on the board of Emera Inc., a
publicly traded energy utility and serves on the board of the
Princess Margaret Cancer Foundation, a non-profit organisation.
"On behalf of the board I thank Maria for her impactful and
principled leadership. During her tenure AGA has made tremendous
strides in advancing its strategy and delivering on its objectives,
through a new talented and effective leadership team,” said
Rhidwaan Gasant, AngloGold Ashanti’s lead independent director.
“We are privileged to have someone of Jochen’s experience and
track record, with strong institutional and industry knowledge, to
lead the board and represent the interests of shareholders and
other stakeholders. I would like to congratulate Jochen and wish
him every success in his new role.”
Additional Changes to the Board
Maria Richter, a non-executive director of the Board since 1
January 2015 has also elected not to stand for re-election at the
upcoming AGM in May. Mr. Albert Garner, has been appointed by the
Board to replace Ms. Richter as chairman of the Compensation and
Human Resources Committee with effect from 28 May 2024, subject to
his re-election at the AGM.
“On behalf of the Board of Directors, our heartfelt thanks go to
Maria (Richter) for her tremendous contribution at the board level
over the past nine years, and in ensuring that our compensation
practises are aligned with good practice and emerging industry and
governance trends,” said Ms. Ramos. “We wish her the very best with
her future plans.”
Forward-looking statements
Certain statements contained in this document, other than
statements of historical fact, including, without limitation, those
concerning the economic outlook for the gold mining industry,
expectations regarding gold prices, production, total cash costs,
all-in sustaining costs, all-in costs, cost savings and other
operating results, return on equity, productivity improvements,
growth prospects and outlook of AngloGold Ashanti’s operations,
individually or in the aggregate, including the achievement of
project milestones, commencement and completion of commercial
operations of certain of AngloGold Ashanti’s exploration and
production projects and the completion of acquisitions,
dispositions or joint venture transactions, AngloGold Ashanti’s
liquidity and capital resources and capital expenditures, the
consequences of the COVID-19 pandemic and the outcome and
consequences of any potential or pending litigation or regulatory
proceedings or environmental, health and safety issues, are
forward-looking statements regarding AngloGold Ashanti’s financial
reports, operations, economic performance and financial condition.
These forward-looking statements or forecasts are not based on
historical facts, but rather reflect our current beliefs and
expectations concerning future events and generally may be
identified by the use of forward-looking words, phrases and
expressions such as “believe”, “expect”, “aim”, “anticipate”,
“intend”, “foresee”, “forecast”, “predict”, “project”, “estimate”,
“likely”, “may”, “might”, “could”, “should”, “would”, “seek”,
“plan”, “scheduled”, “possible”, “continue”, “potential”,
“outlook”, “target” or other similar words, phrases, and
expressions; provided that the absence thereof does not mean that a
statement is not forward-looking. Similarly, statements that
describe our objectives, plans or goals are or may be
forward-looking statements. These forward-looking statements or
forecasts involve known and unknown risks, uncertainties and other
factors that may cause AngloGold Ashanti’s actual results,
performance, actions or achievements to differ materially from the
anticipated results, performance, actions or achievements expressed
or implied in these forward-looking statements. Although AngloGold
Ashanti believes that the expectations reflected in such
forward-looking statements and forecasts are reasonable, no
assurance can be given that such expectations will prove to have
been correct. Accordingly, results, performance, actions or
achievements could differ materially from those set out in the
forward-looking statements as a result of, among other factors,
changes in economic, social, political and market conditions,
including related to inflation or international conflicts, the
success of business and operating initiatives, changes in the
regulatory environment and other government actions, including
environmental approvals, fluctuations in gold prices and exchange
rates, the outcome of pending or future litigation proceedings, any
supply chain disruptions, any public health crises, pandemics or
epidemics (including the COVID-19 pandemic), and other business and
operational risks and challenges and other factors, including
mining accidents. For a discussion of such risk factors, refer to
AngloGold Ashanti Limited’s annual report on Form 20-F for the year
ended 31 December 2022 filed with the United States Securities and
Exchange Commission (SEC) and AngloGold Ashanti’s registration
statement on Form F-4 initially filed with the SEC on 23 June 2023.
These factors are not necessarily all of the important factors that
could cause AngloGold Ashanti’s actual results, performance,
actions or achievements to differ materially from those expressed
in any forward-looking statements. Other unknown or unpredictable
factors could also have material adverse effects on AngloGold
Ashanti’s future results, performance, actions or achievements.
Consequently, readers are cautioned not to place undue reliance on
forward-looking statements. AngloGold Ashanti undertakes no
obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events, except to the extent required by applicable law. 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.
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