AngloGold Ashanti appointed Kelvin Dushnisky as CEO and executive director of its board of directors, effective September 1. Previously, he was president and executive director for Barrick Gold. “Following an extremely competitive global search, we’re pleased to name someone of Kelvin’s caliber and experience to lead this organization,” AngloGold Ashanti Chairman Sipho Pityana said. “Kelvin brings to us an impeccable set of values, a deep understanding of operating a large, complex global portfolio of mining assets and projects, and a keen familiarity of an evolving geopolitical landscape. He will head a strong, cohesive team committed to executing AngloGold Ashanti’s strategy of sustainably improving returns, through disciplined capital allocation.”

Dushnisky, who will relocate to Johannesburg, where AngloGold Ashanti is based, replaces outgoing CEO Srinivasan Venkatakrishnan (aka Venkat), who departs at the end of August for a role at London-based Vedanta Resources. Venkat will also cease to be a member of the AngloGold Ashanti Board effective August 31.

“AngloGold Ashanti has a strong portfolio of assets and an exciting pipeline of organic growth opportunities,” Dushnisky said. “I’m honored to be selected for this role, and look forward to working alongside a world-class team in building on the excellent work already done, as we unlock the enormous potential that exists in the company.”

Since his appointment as president of Barrick in 2015, Dushnisky held direct responsibility for Barrick’s overall business and the execution of its operating plans and strategic priorities. This role included oversight of Barrick’s activities across Australia, Africa, the Middle East, North America and South America. He also held responsibility for Barrick’s relationships with host governments, local communities and other external stakeholders. Prior to this, Mr. Dushnisky held a range of progressively senior positions in Barrick since joining in 2002.