The Board

AngloGold Ashanti has a unitary board comprising nine directors – six independent non-executive directors, one non-independent director and two executive directors.

[The board]
1 2 3 4 5 6 7 8 9 10

NON-EXECUTIVE CHAIRMAN

1 Sipho Pityana (54)
BA (Hons), MSc, Dtech (Honoris)

Initially appointed a non-executive director on 13 February 2007. Appointed Chairman on 17 February 2014.

Chairman:
  • Safety, Health and Environment Committee
  • Nominations Committee
Member:
  • Risk and Information Integrity Committee
  • Remuneration and Human Resources Committee
  • Social, Ethics and Transformation Committee
  • Investment Committee

EXECUTIVE DIRECTORS

2 Srinivasan Venkatakrishnan (Venkat) (48)
BCom, ACA (ICAI)
Chief Executive Officer

First appointed to the board on 1 August 2005 and as CEO on 8 May 2013.

Chairman:
  • Executive Committee
Member:
  • Risk and Information Integrity Committee
  • Investment Committee
3 Richard Duffy (50)
BCom, MBA

Chief Financial Officer

Appointed to the board as CFO on 1 June 2013.

LEAD INDEPENDENT DIRECTOR

4 Wiseman Nkuhlu (69)
BCom, CA (SA), MBA

Appointed to the board on 4 August 2006, resigned on 30 April 2009 and re-appointed on 1 June 2009

Chairman:
  • Audit and Corporate Governance Committee
Member:
  • Risk and Information Integrity Committee
  • Safety, Health and Environment Committee
  • Nominations Committee
  • Remuneration and Human Resources Committee
  • Social, Ethics and Transformation Committee

NON-EXECUTIVE DIRECTORS

5 Rhidwaan Gasant (54)
CA (SA)

Appointed to the board on 12 August 2010

Chairman:
  • Investment Committee
Member:
  • Audit and Corporate Governance Committee
  • Nominations Committee
  • Risk and Information Integrity Committee
6 Nozipho January-Bardill (63)
BA, MA Applied Linguistics, Dipl Human Resources Development

Appointed to the board on 1 October 2011

Chairman:
  • Social, Ethics and Transformation Committee
Member:
  • Audit and Corporate Governance Committee
  • Safety, Health and Environment Committee
  • Nominations Committee
7 Michael Kirkwood (66)
AB, Economics & Industrial Engineering

Appointed to the board on 1 June 2012

Chairman:
  • Remuneration and Human Resources Committee
Member:
  • Audit and Corporate Governance Committee
  • Social, Ethics and Transformation Committee
  • Investment Committee
  • Nominations Committee
8 Tito Mboweni (54)
BA, MA (Development Economics)

Appointed to the board as Chairman on 1 June 2010. Stood down as Chairman on 17 February 2014.

Member:
  • Nominations Committee
  • Remuneration and Human Resources Committee
  • Investment Committee
9 Rodney Ruston (63)
MBA Business, BE (Mining)

Appointed to the board on 1 January 2012

Chairman:
  • Risk and Information Integrity Committee
Member:
  • Remuneration and Human Resources Committee
  • Safety, Health and Environment Committee
  • Social, Ethics and Transformation Committee
  • Investment Committee
  • Nominations Committee

GROUP GENERAL COUNSEL AND COMPANY SECRETARY

10 Maria Sanz Perez (48)
BCom LLB, H Dip Tax, Admitted Attorney

Refer to the Executive management for a brief biography of Maria Sanz Perez and the Governance review for more information on the role of the company secretary.

Detailed curriculum vitae of members of the board are available in the Corporate Governance section (pages 32–35) of the Annual Financial Statements 2013 and on the company website.


BOARD CHARACTERISTICS

Graph Nationality (%) Graph Length of service on the board  (%)
Composition by HDSA* status Industry sector experience

STRUCTURE OF THE BOARD

[Structure of board]
  1. *Post year-end, the independent non-executive chairman, Tito Mboweni, stood down as chairman. Simultaneously, Sipho Pityana was appointed non-executive chairman and, to meet the requirements of the King III, principle 2.16, a lead independent director, Prof Wiseman Nkuhlu, was appointed.
  2. **Independent director – determination of director independence is in line with the requirements of King III, the Companies Act, the JSE Listings Requirements, New York Stock Exchange and other best practice guidelines. The independence of each director is assessed annually by the board.