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CAPE TOWN - AngloGold Ashanti yesterday announced the appointment of Kelvin Dushnisky as its new chief executive and executive director of the board, to replace outgoing chief executive Srinivasan Venkatakrishnan. 

Dushnisky, whose appointment is effective from September 1, joins the global gold mining company from Barrick Gold Corporation, where he holds the role of president and executive director. 

“Following an extremely competitive global search, we're pleased to name someone of Kelvin’s calibre and experience to lead this organisation,” said AngloGold Ashanti chairperson Sipho Pityana. 

“Kelvin brings to us an impeccable set of values, a deep understanding of operating a large, complex global portfolio of mining assets and projects, and a keen familiarity of an evolving geopolitical landscape.  He will head a strong, cohesive team committed to executing AngloGold Ashanti’s strategy of sustainably improving returns, through disciplined capital allocation.” 

Dushnisky said AngloGold Ashanti had a strong portfolio of assets and an exciting pipeline of organic growth opportunities.

“I'm honoured to be selected for this role, and look forward to working alongside a world-class team in building on the excellent work already done, as we unlock the enormous potential that exists in the company,” he said. 

Since his appointment as president of Barrick in 2015, Dushnisky held direct responsibility for Barrick’s overall business and the execution of its operating plans and strategic priorities. 

Venkatakrishnan, who departs at the end of August for a role at London-based Vedanta Resources, will cease to be a member of the board with effect from August 31. 

- BUSINESS REPORT