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AngloGold Ashanti shares dip pre-market after company says CEO to depart

Published: 09:09 17 Apr 2018 EDT

Gold bars
Firm aims to have successor in place before August 30

Shares of AngloGold Ashanti Ltd. (NYSE:AU) may slipped in pre-market trade after the company said Chief Executive Officer Srinivasan Venkatakrishnan is leaving the firm.

The stock fell 2.4% to US$8.95 in pre-market trading.

Search for replacement underway

A global search for a successor to Venkatakrishnan is underway, the company said in a statement.

AngloGold aims to find a new CEO before Venkatakrishnan departs on August 30 to lead Vedanta Resources PLC, it added.

 

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