AngloGold Ashanti Ltd. would make a “seamless” transition if it chose Srinivasan Venkatakrishnan, its finance head and joint interim chief executive officer, to lead the third-biggest producer of the metal after gold prices plummeted, according to two analysts.
Mark Cutifani, who today replaced Anglo American Plc head Cynthia Carroll, will assess the company’s assets and commodities within the next four months to ensure it’s squeezing the most value from its businesses.
Anglo American Plc appointed Mark Cutifani as chief executive officer as the mining company seeks to reverse the $14 billion loss of market value it suffered in the five years his predecessor Cynthia Carroll was in charge.
AngloGold Ashanti Ltd., the third- biggest gold producer, had a proposal to split its South African assets from mines elsewhere rebuffed by the country’s government, three people familiar with the matter said.
AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, cut its dividend by half in the third quarter and reduced annual spending plans by $200 million after strikes idled all of its South African mines.