AngloGold names new CEO

Alberto Calderon has been appointed as the new chief executive of AngloGold Ashanti, taking the reins from acting chief Christine Ramon in September.

AngloGold’s search for a new leader began in July last year when Kelvin Dushnisky stepped down from the role after two years as chief executive.

He was replaced by Ms Ramon in an acting capacity.

She will resume her role as the chief financial officer of AngloGold when Mr Calderon takes up his new position in September.

He has more than two decades’ experience in executive leadership positions, most recently as the managing director and chief executive of Melbourne-based mining services company Orica between 2015 and early 2021.

Mr Calderon also worked at BHP, with roles spanning chief commercial officer and the chief executive of Aluminum, Nickel and Corporate Development.

He is also the former boss of Colombian coal miner Cerrejón, in which BHP holds a 30 per cent stake.

Mr Calderon said Johannesburg-based AngloGold had a high-quality portfolio of assets.

They include the Sunrise Dam operations and a majority stake in the Tropicana underground mine, located in Western Australia.

“AngloGold Ashanti brings together a high-quality portfolio and a strong commitment to deliver social, environmental and shareholder value that I relate to strongly on a personal level,” Mr Calderon said.

“I think the company has an exciting future and I look forward to working with the board and the AngloGold Ashanti team around the world to deliver on this potential.”

Mr Calderon's remuneration has not yet been disclosed.

Ms Ramon said AngloGold considered several excellent candidates during its global search for a new chief executive.

“We are confident that, in Alberto, we have the right person to lead this company forward and realise its outstanding potential, drawing on his huge leadership experience in the resources sector across a variety of geographies,” she said.

Ms Ramon has worked with AngloGold since 2014.

The company’s shares closed up 2.4 per cent on Tuesday to trade at $5.21.