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.