AngloGold Ashanti’s CEO was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter.
The mining company announced on Thursday that Kelvin Dushnisky would step down after only two years. That followed a demand from a major shareholder, South Africa’s Public Investment Corporation, for an independent probe into a payment of $926 000 from Barrick Gold, according to the people, who asked not to be identified as the details aren’t public.