As expected, AngloGold Ashanti (AU) CEO Mark Cutifani has been appointed to the top job at Anglo...


As expected, AngloGold Ashanti (AU) CEO Mark Cutifani has been appointed to the top job at Anglo American (AAUKY.PK), effective on April 3. AngloGold CFO Srinivasan Venkatakrishnan and EVP Tony O'Neill will act as joint interim CEOs after Cutifani departs and until the company appoints a new chief executive, although both have indicated that they aren't planning to apply for the position on a permanent basis.
Comments (1)
  • TDWelander
    , contributor
    Comments (624) | Send Message
     
    Based on everything I have read, AU has done well. Someone can
    look it up, AU I think is about one tenth the capitalization (10%) of
    AAUKY. Meaning, unless Mr. Cutifani has substantial cooperation,
    inside and outside AAUKY, it will be a repeat of Ms. Caroll; or more
    distractions and not meeting the capabilities of the operating units.

     

    Minimizing wall street and investment bank inputs within AAUKY
    appears paramount to stop the outside purchases; a huge distraction to date not helping the bottom line; and creating more distractions. Running the operating units efficiently appears to be jobs one, two, and three.

     

    So at first blush, someone like Mr. Cutifani who knows the precious
    metals processes, or should know them, appears ideal for bringing back profitability at AAUKY by pledging to bring existing and new efficiencies back to operating units and identify and use synergies
    to gain efficiencies across operating units.
    9 Jan 2013, 02:34 PM Reply Like
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