Appointed: Chief executive officer and executive director on 1 August 2005 and as CEO on 8 May 2013.
Board committee memberships:
Social, Ethics and Sustainability Committee
Since Venkat’s appointment as Chief Executive Officer in May 2013, AngloGold Ashanti has successfully brought two mines into production, collectively reduced overhead and operating costs by almost half and used internally generated funds to cut debt levels by a third, despite the sharply lower gold price. During this period overall safety trends have improved and the company has sharpened its focus on improving sustainable free cash flow and returns.
Venkat was previously Chief Financial Officer at AngloGold Ashanti, a post he also held at Ashanti Goldfields, before its merger with AngloGold in 2004. In his role as Chief Financial Officer, he oversaw funding for both companies’ operating activities, giving him detailed knowledge of all mines and operating jurisdictions, with a unique perspective of both risks and opportunities. During this time he also bore responsibility for eliminating AngloGold Ashanti’s 12Moz of legacy hedge positions. Venkat has extensive experience of gold- and other capital markets.
Prior to joining Ashanti Goldfields, Venkat was a director of corporate reorganisation services at Deloitte & Touche in London.