 Bloomberg -- AngloGold Ashanti Ltd.s chief executive officer was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didnt 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 Africas Public Investment Corp., for an independent probe into a payment of 926,000 from Barrick Gold Corp., according to the people, who asked not to be identified as the details arent public.The worlds third-largest gold miner hired Dushnisky from Barrick to steer a new growth path, and under his management he started to the sell mines in South Africa and Mali. AngloGold has declined 9 in Johannesburg trading since it was announced hes leaving. The shares have risen fivefold since the CEOs arrival as the price of gold soared.Before starting work at AngloGold, Dushnisky agreed to a signing bonus to make up for a payment from Barrick that he would lose out on as the company wanted him to start work before year-end. When it was published in Barricks annual report that it did pay him the bonus, the CEO was asked by the board to repay the 800,000.While the board had found that there was a breach of trust and a mistake in judgment, it didnt take further action. After the demand for a probe by the PIC, Africas biggest fund manager that owns about 12 of Anglogold shares, the company then pushed for Dushnisky to resign or face a potentially damaging investigation, the people said.AngloGold Ashantis board rejects as false any allegation that it threatened the companys CEO with an investigation into the matter of a bonus. Neither did the board request Mr. Dushniskys resignation, which was a personal decision that we respect and understand, AngloGold said in an e-mailed response.The PIC can state that it has formally written to the AngloGold board to raise its concerns related to the payments, it said in an emailed response to Bloomberg News last month. The PIC had said its awaiting a response on actions that will be taken by the company.The PIC didnt immediately respond to emailed questions on Friday.For more on CEO resignation, click hereThe CEO resigned to be closer to his family in Toronto, AngloGold said in an emailed response to questions on Thursday. Dushnisky didnt respond to calls and a text message seeking comment.Dushnisky will step down on Sept. 1, but will work with AngloGold from Toronto until Feb. 28 to ensure a smooth handover, the company said. Chief Financial Officer Christine Ramon will be interim CEO while it searches for a replacement.Updates with AngloGold response in fifth paragraphFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P. 