CEO Today Africa Awards

SOUTH AFRICA www.ceotodaymagazine.com 48 CEO Today Africa Awards 2017 SRINIVASAN VENKATAKRISHNAN Chief Executive Officer & Executive Director of Anglogold Ashanti Limited Board committee memberships: Social, Ethics and Sustainability Committee Since Venkat’s appointment as Chief Executive Officer in May 2013, AngloGold Ashanti has successfully brought two mines into production, collectively reduced overhead and operating costs by almost half and used internally generated funds to cut debt levels by a third, despite the sharply lower gold price. During this period overall safety trends have improved and the company has sharpened its focus on improving sustainable free cash flow and returns. Venkat was previously Chief Financial Officer at AngloGold Ashanti, a post he also held at Ashanti Goldfields, before its merger with AngloGold in 2004. In his role as Chief Financial Officer, he oversaw funding for both companies’ operating activities, giving him detailed knowledge of all mines and operating jurisdictions, with a unique perspective of both risks and opportunities. During this time he also bore responsibility for eliminating AngloGold Ashanti’s 12Moz of legacy hedge positions. Venkat has extensive experience of gold- and other capital markets. Prior to joining Ashanti Goldfields, Venkat was a director of corporate reorganisation services at Deloitte & Touche in London. 76 Rahima Moosa Street, Newtown, Johannesburg 2001 South Africa Tel: + 27 (0) 11 637 6000 ABOUT SRINIVASAN VENKATAKRISHNAN CONTACT www.anglogoldashanti.com FIRM PROFILE AngloGold Ashanti is the third-largest goldmining company in the world, measured by production. It has 17 mines gold mines in 9 countries, as well as several exploration programmes in both the established and new gold producing regions of the world. AngloGold Ashanti produced 3.628Moz of gold in 2016, generating $4.08bn in gold income, utilising $811m capital expenditure. AngloGold Ashanti has an attributable Ore Reserve of 50.1Moz of gold and an attributable Mineral Resource of 214.7Moz. Our five key business objectives support our core strategy: ● Focus on people, safety and sustainability: our business must operate according to our values if it is to remain sustainable in the long term. ● Optimise overhead, costs and capital expenditure: all spending decisions must be checked and double checked to ensure they are necessary to fulfil our core business objective. ● Improve portfolio quality: we have a portfolio of assets that must be actively managed as we strive for a competitive valuation as a business. ● Ensure financial flexibility: the balance sheet is the foundation of our company and we must ensure it always remains able to meet our core funding needs. ● Maintain long-term optionally: while we are focused on ensuring the most efficient day-to-day operation of our business we must keep an eye on creating a competitive pipeline of long-term opportunities