Christine Ramon named new AngloGold Ashanti CFO - CNBC Africa

Christine Ramon named new AngloGold Ashanti CFO

Mining

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AngloGold Ashanti has operations in South Africa, Australia, Brazil and the United States. PHOTO: Getty Images

“[Ramon] is a seasoned CFO with an impressive depth of experience, who will lend an important dimension to our board and to the executive,” AngloGold chairman Sipho Pityana said in a statement.

“We are also fortunate that we will be able to call on the services of Richard Duffy, who brings almost three decades of experience in mining and finance across a range of disciplines and jurisdictions to assist with an orderly transition.”

Richard Duffy was appointed as AngloGold Ashanti's CFO in June 2013. 

AngloGold Ashanti is a gold mining company headquartered in Johannesburg, South Africa, and has operating assets in Australia, Brazil and the United States, among others.

(READ MORE: AngloGold Ashanti year earnings drop 39 per cent)

Ramon was previously the CFO at Sasol Limited in South Africa for seven years until September last year. She is currently a non-executive director on the board of MTN group, the Johannesburg-based telecommunications provider.

Ramon also previously served on the board of South African state-owned transport company Transnet, and was an executive director of media and entertainment group Johnnic Holdings Limited. 

“We are extremely pleased to have someone of [Ramon’s] calibre, standing and experience in this critical role as we continue to advance our strategy of continuing to improve sustainable cash flow and returns,” said AngloGold Ashanti CEO Srinivasan Venkatakrishnan.

“We are deeply grateful to [Duffy] for bridging the CFO role at an important time, and also for the outstanding work he’s done over the past 13 months, in helping fortify the balance sheet.”

Ramon is a member of the South African Institute of Chartered Accountants, the Public Accountants’ and Auditors Board, and the Association for the Advancement of Black Accountants of South Africa.

She also currently serves as deputy chair of the Financial Reporting Standards Council of South Africa.

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