for subscribers

Multi-million rand signing-on bonus may be at centre of AngloGold CEO's abrupt departure

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Kelvin Dushnisky, the former CEO of AngloGold Ashanti.
Kelvin Dushnisky, the former CEO of AngloGold Ashanti.

The fallout from a $800 000 (R11.6 million*) sign-on cash payment that one of the world's largest gold miners, AngloGold Ashanti, made to the CEO it headhunted from a rival, may have been the actual reason behind his unexpected resignation just two years after taking the job.

Kelvin Dushnisky joined AngloGold, the world's third largest gold miner by production, as CEO on September 1 2018, from its Canadian rival Barrick Gold. He moved to Johannesburg to replace Srinivasan Venkatakrishnan, who left after five years as CEO to take up a role in London at diversified miner Vedanta Resources. 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.31
(+0.29)
ZAR/GBP
21.13
(+0.16)
ZAR/EUR
19.03
(+0.43)
ZAR/AUD
11.47
(+0.37)
ZAR/JPY
0.16
(+0.21)
Gold
1875.05
(+0.37)
Silver
23.39
(+0.55)
Platinum
852.00
(+0.44)
Brent Crude
38.07
(-3.48)
Palladium
2185.49
(-0.68)
All Share
51758.59
(-0.27)
Top 40
47530.61
(-0.10)
Financial 15
9520.88
(-2.42)
Industrial 25
73754.06
(+1.48)
Resource 10
47067.25
(-1.59)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
23% - 140 votes
No, I did not.
51% - 306 votes
My landlord refused
26% - 158 votes
Vote