AngloGold Ashanti plc Announces Appointment of Non-Executive Directors

Rhea-AI Summary

AngloGold Ashanti plc (AU) has appointed two new independent non-executive directors, Bruce Cleaver and Nicky Newton-King, effective July 22, 2024. Cleaver, former CEO of De Beers Group, will join the Audit and Risk Committee and the Social, Ethics and Sustainability Committee. Newton-King, former CEO of the JSE, will serve on the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee.

Both appointees bring extensive experience in leadership, capital markets, and strategic business development. Cleaver's background includes mining and commercial expertise, while Newton-King offers legal, regulatory, and sustainability knowledge. AngloGold Ashanti's Chairperson, Jochen Tilk, expressed confidence that their diverse perspectives will contribute to creating value for shareholders.

Positive

• Appointment of two highly experienced independent non-executive directors
• Addition of expertise in mining, capital markets, and sustainability to the board
• Potential for fresh perspectives and strengthened leadership

Negative

• None.

LONDON & DENVER& JOHANNESBURG--(BUSINESS WIRE)-- AngloGold Ashanti plc (“the Company”, “AGA” or “AngloGold Ashanti”) is pleased to announce that Bruce Cleaver and Nicky Newton-King have been appointed independent non-executive directors of the Company with effect from 22 July 2024. Mr Cleaver will serve as a member of the Audit and Risk Committee and the Social, Ethics and Sustainability Committee and Ms Newton-King will serve as a member of the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee.

Mr Cleaver was CEO of global diamond company De Beers Group from 2016 to early 2023 before becoming Co-Chair until the end of 2023. He joined De Beers in 2005 as General Counsel and held various executive roles spanning business development and strategy before becoming CEO in 2016. Prior to this he was a Partner at Webber Wentzel, a leading South African law firm. He brings extensive commercial and mining experience to the Board.

Mr Cleaver became Chair and a non-executive director of the UK-based gemstone company Gemfields Group Ltd from 1 July 2024, which is listed on the JSE and AIM.

Ms Newton-King was CEO of the JSE until 2019. She joined the JSE in 1996 and held various executive roles before becoming CEO in 2012. Ms Newton-King is a corporate finance and securities regulation lawyer and brings extensive legal, business, regulatory and capital markets experience to the Board, as well as knowledge of sustainability matters. She was responsible for repositioning the JSE as a modern securities exchange and her initiatives there included the implementation of the JSE’s Socially Responsible Investment Index, the first index of its type globally.

Ms Newton King is a non-executive director at MTN Group, Africa’s largest mobile network operator with operations across the continent, and a non-executive director at the international banking and wealth management group Investec. She is also the Chair of the Council of Stellenbosch University and a trustee of the Johannesburg Holocaust and Genocide Centre.

Commenting on the appointment, AngloGold Ashanti Chairperson Jochen Tilk said: “We are very pleased to welcome Nicky and Bruce to the Board of AngloGold Ashanti. Their appointments bring to the Board extensive executive and leadership experience, coupled with wide-ranging expertise that includes capital markets, strategy and commercial insights across developed and developing markets. Their perspectives will be invaluable as we continue to create value for our shareholders.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717062166/en/

Media

Andrea Maxey: +61 08 9425 4603 / +61 400 072 199 amaxey@anglogoldashanti.com

General inquiries media@anglogoldashanti.com

Investors

Yatish Chowthee: +27 11 637 6273 / +27 78 364 2080 yrchowthee@anglogoldashanti.com

Andrea Maxey: +61 08 9425 4603 / +61 400 072 199 amaxey@anglogoldashanti.com

Website: www.anglogoldashanti.com

Source: AngloGold Ashanti plc

FAQ

Who are the new non-executive directors appointed to AngloGold Ashanti's (AU) board?

Bruce Cleaver, former CEO of De Beers Group, and Nicky Newton-King, former CEO of the JSE, have been appointed as independent non-executive directors of AngloGold Ashanti (AU), effective July 22, 2024.

What committees will Bruce Cleaver serve on at AngloGold Ashanti (AU)?

Bruce Cleaver will serve as a member of the Audit and Risk Committee and the Social, Ethics and Sustainability Committee at AngloGold Ashanti (AU).

Which committees will Nicky Newton-King join at AngloGold Ashanti (AU)?

Nicky Newton-King will serve as a member of the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee at AngloGold Ashanti (AU).

When do the new director appointments take effect for AngloGold Ashanti (AU)?

The appointments of Bruce Cleaver and Nicky Newton-King as independent non-executive directors of AngloGold Ashanti (AU) take effect from July 22, 2024.