Maria Ramos appointed chairwoman of AngloGold Ashanti after Pityana quits

Maria Ramos, chairwoman, AngloGold Ashanti

MARIA Ramos has been appointed chairwoman of AngloGold Ashanti, said Bloomberg News citing a statement from the Johannesburg-headquartered gold company.

She replaces Sipho Pityana who has resigned almost three months after CEO Kelvin Dushnisky quit the firm.

Ramos, 61, is former CEO of South African bank Absa Group and previously served as director-general of South Africa’s National Treasury. She’s been a director at the world’s third-biggest gold producer since May 2019, said Bloomberg News.

“Ramos brings to the role exceptional experience in leadership roles across both the private and public sectors,” AngloGold said in a statement.

Ramos and the board are fully behind AngloGold’s strategic direction “and are supportive of the executive management team, led by Christine Ramon, which is delivering on this long-term business strategy,” it said.

Pityana has been a member of the board since 2007 and became chairman in 2014. During his tenure, AngloGold pared down debt and redeveloped the Obuasi mine in Ghana. It also sold South African mines to focus on more lucrative assets in the rest of Africa, Australia and the Americas, said the newswire.

Ramon became interim CEO in September, after Dushinsky quit two years into the job to be closer to his family in Toronto.

1 COMMENT

  1. Pityana’s usefulness came to an end. AGA no longer needs to have a political connection to government. He is one of several black South Africans, some of them respectable anti-apartheid struggle stalwarts, who have and are presiding over boards of mining companies that have been busy divesting from South Africa since 1994, after creating their wealth from South African resources. Other struggle stalwarts who have done the same are Tito Mboweni and Cheryl Carolus. If you are a black South African and or have political connections you can become board chairperson of a major S A Mining Company. However, Black South African don’t become CEO of these companies, that is a more powerful position stills reserved for Europeans and foreign Africans

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