FTSE 100 +0.64%
Pound/Dollar -0.32%
Brent Crude Oil +0.06%
Cocoa +0.06%
Euro/Dollar -0.05%

Business & Finance

AngloGold Ashanti CEO to retire in June 2022

By : cd on 23 Feb 2022, 05:30     |     Source: christian ahorgah

Anglogold

-AngloGold Ashanti on Tuesday, announced (in terms of section 3.59 of the Listings Requirements of the JSE) that Chief Financial Officer Christine Ramon has elected to take early retirement from her current role at the end of June of this year, after more than seven years with the company.

Ms. Ramon was appointed CFO and Executive Director of AngloGold Ashanti in October 2014 and held the
position of interim Chief Executive Officer from 1 September 2020 to 31 August 2021. During her time with the
Company, she also served as a director of the World Gold Council and the International Council on Mining and
Metals.

During her tenure, marked by sharp debt reduction, improved liquidity and careful allocation of capital, Ms. Ramon
played a vital role in improving the health of AngloGold Ashanti’s balance sheet. Her careful stewardship of the
company as interim CEO, during the worst of the COVID-19 pandemic and during a period of significant loss for
her family, demonstrated her steadfastness and commitment to AngloGold Ashanti’s values and its people.

 

“On behalf of the board, I would like to express our deep gratitude to Christine for her significant contribution to
AngloGold Ashanti over more than seven years. Christine has had a long and successful tenure as CFO and
leaves behind a strong balance sheet and a hard-earned tradition of disciplined capital allocation.

She also led this company as interim CEO through a challenging operating environment and during an exceptionally  difficult time for her personally, showing courage, commitment and resilience that will remain a lasting legacy of her tenure.

We wish her every happiness as she spends time with her family, and every success in the years ahead,” said
AngloGold Ashanti Chairperson, Maria Ramos.

“We bid farewell to Christine with a deep sense of gratitude for her immense contribution to our company,” said
CEO Alberto Calderon. “We wish her happiness and a peaceful time with her family after an incredibly difficult
period.”

“I am thankful and proud of my work and achievements at AngloGold Ashanti, and of the exceptional team I’ve
worked alongside during that time,” said Ms. Ramon. “This has been a difficult decision for me but given that I
tragically lost my husband to COVID-19 last year, I now need to devote more time in the near term to my two
children. I would like to thank Alberto, the AngloGold Ashanti team and the Board, and wish them every success
in the future.”

A process to identify Ms. Ramon’s replacement will commence, with a view to enabling a smooth transition to her
successor