Johannesburg, South Africa — MININGREVIEW.COM — 26 February 2010 – AngloGold Ashanti has announced the appointment of Tito Mboweni as chairman of the company with effect from 1 June 2010. Mr Mboweni succeeds Russell Edey, who retires after eight years as chairman, and being a member of the board since AngloGold’s inception in 1998.
In a statement released here the board said that, in appointing Mr Mboweni, it had taken full cognisance of his long and outstanding record of public service. “As labour minister from 1994 to 1998, Mr Mboweni was the architect of South Africa’s post-apartheid labour legislation which today continues to provide the basis for the mutually respectful labour relationships central to AngloGold Ashanti’s operational approach in South Africa,” the statement said. “And the past ten years have cemented his reputation as one of the world’s foremost and most highly respected Central Bank governors.”
CEO Mark Cutifani commented: “We’re very pleased to be able to name someone of Tito Mboweni’s calibre to chair our board. His experience and stature, both in South Africa and abroad, is a tremendous asset to a company with AngloGold Ashanti’s global portfolio and project pipeline, as well as our international shareholder base.”