Godsell Retires as CEO at AngloGold Ashanti

The Chairman of AngloGold Ashanti, Russell Edey, this morning announced that Bobby Godsell would be retiring from the company and the board with effect from 30th September 2007.The board simultaneously announced the appointment of Mark Cutifani as Mr Godsell's successor. Mr Cutifani currently holds the position of Chief Operating Officer at CVRD Inco where he has responsibility for CVRD Inco's global nickel business. He will take up his new position in mid-September.Commenting on the announcement, Russell Edey said, "The board and management of AngloGold Ashanti are very fortunate to have had the benefits of Bobby's inspiration, leadership and innovative flair for the past 12 years. I have no doubt that he will continue to make a contribution to South Africa in whatever course he chooses now to follow. We believe that Mark Cutifani is a person well-suited to meet the challenges which face AngloGold Ashanti and the gold industry at large".Bobby Godsell said today, "It is the right time to change leaders. In Mark Cutifani, a mining engineer with a wide and impressive track record of both operating and executive experience across a range of minerals, including gold, and on several continents, we have a new leader who brings exactly the qualities and experience needed for AngloGold Ashanti's new chapter."For my own part, after 34 years in corporate life I am looking forward to exploring new ways of being a constructive citizen of my country."Additionally, Mr Edey today announced that Roberto Carvalho Silva, after a long and impressive career with this company and its predecessor, spanning more than three decades, has decided to leave AngloGold Ashanti in September. The board and management wish him well in his future pursuits. Neville Nicolau will become the Chief Operating Officer of the company with responsibility for all operations. Mr Carvalho Silva will assist Mr Nicolau in the consolidation of the two operating regions, which will commence as soon as possible.A summarized version of Mr Cutifani's résumé, for information, followsMARK CUTIFANIEducationUniversity of Wollongong, WollongongB.E., Mining Engineering (First Class Honours)Previous Experience2007-date CVRD INCOChief Operating Officer2003-2006 INCO Ltd.Toronto, Ontario2006 Chief Operating Officer2005-2006 President, North America and Europe2004-2005 President, Ontario Operations2003-2004 Vice President, Mines Operations, Canada and UK2000-2002 SONS OF GWALIA LTDWest Perth, AustraliaManaging Director1998-2000 NORMANDY MINING LTDAdelaide, Australia1999-2000 Group Executive, Mining and Development1998-1999 Group Executive, Mining1994-1997 WMC LTD1997 Group Manager, Project Management1994-1996 Manager, Operations - Nickel1993-1994 SAVAGE RESOURCES LTDGeneral Manager, Coal1988-1993 KALGOORLIE CONSOLIDATED GOLD MINES1991-1993 General Manager, Operations, Gold1990-1991 Manager, Business Analysis and Development1989-1990 Manager, Open Cuts Operations1988-1989 Resident Manager, KMA1976 -1988 CRA LTDMelbourne, Australia1986-1988 Manager, Coal, Coalcliff1984-1986 Deputy Manager and Operations Superintendent1982-1984 Engineer, Planning, Coalcliff1976- 1982 Miner/Cadet/TraineePersonal DetailsMark, an Australian, is 49 years old. He and his wife, Luana, have four young children.
Source:John Owusu (GM - Corporate Affairs)