AngloGold Ashanti CEO delay shows failure in leadership planning

AngloGold Ashanti CEO delay shows failure in leadership planning

Anglogold Ashanti holds a 45% stake in the Kibali gold mine in northeast Democratic Republic of Congo. REUTERS/Pete Jones. AngloGold Ashanti’s long delay in appointing a permanent chief executive and the lack of transparency surrounding the process point to deeper failures of corporate governance, analysts say.

The company, that was the world’s third-largest gold miner by production last year, has been searching for a new CEO since Kelvin Dushnisky announced his resignation in July 2020. It has both an interim CEO, Christine Ramon , and an interim CFO, Ian Kramer. Ramon was CFO until Dushnisky’s departure.

Chris Griffith , appointed as CEO of AngloGold Ashanti’s rival Gold Fields in January, said then that he hadn’t had an interview for the AngloGold job – and that no-one else had been interviewed either . In February, Ramon said the board was treating the appointment with “urgency” and that the process was “well advanced”. The slowness of the CEO appointment is compounded by a lack of visibility on when this news is coming.

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply