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SA’s AngloGold Rejigs Board

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SA’s AngloGold Rejigs Board

(3 minutes Read)

Newton-King, a corporate finance and securities regulation lawyer, is a non-executive director at international banking and wealth management firm Investec, and at the largest mobile network operator in Africa, MTN Group.

Precious metals miner AngloGold Ashanti of South Africa has appointed former JSE CEO Nicky Newton-King and Gemfields chair Bruce Cleaver as independent non-executive directors, with effect from July 22.

Newton-King, a corporate finance and securities regulation lawyer, is a non-executive director at international banking and wealth management firm Investec, and at the largest mobile network operator in Africa, MTN Group. In addition, she is a trustee of the Johannesburg Holocaust and Genocide Centre and the council chair of Stellenbosch University.

Having served as the JSE’s first female CEO from 2011 until 2019, she is recognized for modernizing the JSE and pushing for increased social and environmental responsibility across SA’s corporate landscape.

Cleaver will serve as a member of the audit and risk committee and the social, ethics, and sustainability committee, , while Newton-King will serve as a member of the compensation and human resources committee and the social, ethics, and sustainability committee.

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The gold miner, with an R235bn market capitalization on the JSE, is beefing up its board with industry titans just months after it switched its primary listing from Johannesburg to the New York Stock Exchange (NYSE), alongside the relocation of Anglogold’s headquarters to London from Johannesburg.