New Chairman for AngloGold
Date: Sunday, December 10, 2000
Nicky Oppenheimer has stepped down as the chairman of AngloGold Limited. Bobby Godsell, the current chief executive, will assume the joint role of chairman and chief executive officer. Russell Edey, a non-executive director of AngloGold since its restructuring, has been elected deputy chairman.
Oppenheimer said: “It is with regret that, in the light of my responsibilities elsewhere, I step down as chairman. In electing Bobby as chairman, the Board has affirmed its support for the strategy developed by the company’s management team, and its confidence in the ability of the team to implement this strategy timeously and effectively. Russell Edey, who already chairs the Board’s Remuneration and Investment committees will, with Bobby, ensure that the Board continues to maintain high standards of corporate governance. I am confident that AngloGold will keep its position as the gold equity of choice on a global basis.”
Godsell commented: “AngloGold’s management team will continue to focus attention on the company’s earnings profile, managing costs and ensuring strong shareholder returns, including a healthy dividend.”
Ends
Disclaimer
Except for the historical information which may be contained herein, there maybe matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to, development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended December 31, 1998 which was filed with the Securities and Exchange Commission on March 30, 1999.
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