| Tue 24 Mar 2009, 14:23 | | GFI - Gold Fields - Media release - Gold Fields to further strengthen its |
|
GFI
GOGOF
GFI - Gold Fields - Media release - Gold Fields to further strengthen its
Executive Team
Gold Fields Limited
(Registration Number 1968/004880/06)
("Gold Fields " or "the Company")
JSE, NYSE, NASDAQ Dubai Share Code: GFI
NYX Code: GFLB, and SWX Code: GOLI
ISIN: ZAE000018123
MEDIA RELEASE - GOLD FIELDS TO FURTHER STRENGTHEN ITS EXECUTIVE TEAM
Johannesburg, 24 March 2009: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) today announced that it intended to reorganize and further
strengthen its executive team.
Nick Holland, Chief Executive Officer of Gold Fields, said: "Given Gold
Fields` international growth and regionalization strategy, our expanding
footprint around the globe has required a strengthening and reorganisation of
the Group`s executive team."
Over the last few months the Group has seen further growth with its new Cerro
Corona mine in Peru and the expanded CIL Plant at Tarkwa in Ghana. In
addition, the Group`s exploration efforts are also starting to bear fruit with
promising developments on at least three exploration properties in southern
Peru, Kyrgyzstan, and Mali in West Africa.
In order to accommodate Gold Fields` growing international footprint, and the
attendant challenges, the international portfolio, which is currently headed
up by Glenn Baldwin, will be split into three separate portfolios, each headed
up by an executive who will be a member of the Group Executive Committee and
report to the Chief Executive Officer.
* The Australasia Region will be headed up by Glenn Baldwin as Executive
Vice President and Head of the Australasia Region. Located in Perth,
Glenn will take responsibility for the two existing mines in Australia,
St Ives and Agnew, and will work with the business development and
exploration executives to try and grow production in Australasia to one
million ounces per annum over the next three to five years.
* A new position will be created for an Executive Vice President and Head
of the West Africa and South America Regions. The incumbent will take
responsibility for the Tarkwa and Damang mines in Ghana, West Africa, as
well as the Cerro Corona mine in Peru, South America, and will work with
the business development and exploration executives to try and grow
production in these two regions to a million ounces per annum each.
* A new position will be created for an Executive Vice President and Head
of International Projects. The incumbent will be responsible for the
overall coordination and control of all international capital projects as
well as the international technical group.
In the South Africa Region the South Deep Project is gaining momentum while
the evaluation of the Uranium Project, or the "5th mine" in the South African
portfolio, is progressing rapidly, with an investment decision expected early
in 2010.
In order to strengthen the South African regional team, a new position will be
created for a Senior Vice President - Capital Projects (South Africa), who
will take responsibility for all capital projects in South Africa, including
the South Deep and Uranium projects, as well as the technology drive in the
South Africa Region. The incumbent will report to Vishnu Pillay, Executive
Vice President and Head of South Africa Region.
Recruitment for all three positions is underway.
"These changes will position Gold Fields well for the exciting challenges that
lie ahead and provide us with additional management strength," said Holland.
Following the reorganisation, the Group Executive will comprise the following:
Chief Executive Officer: Nick Holland
Chief Financial Officer: Paul Schmidt
Head of South Africa Region: Vishnu Pillay
Head of Australasia Region: Glenn Baldwin
Head of West Africa and South America Region: To be appointed
Head of International Projects: To be appointed
General Counsel: Michael Fleischer
Head of Business Development: Jimmy Dowsley
Head of Exploration: Tommy McKeith
Head of Human Resources: Italia Boninelli
Head of Investor Relations: Willie Jacobsz
Company Secretary: Cain Farrell
Enquiries:
Willie Jacobsz
Mobile: +857 241-7127
Nikki Catrakilis-Wagner
Mobile: +27 (0) 83 309 6720
Marritt Claassens
Mobile: +27 (0) 82 307-3297
ends
About Gold Fields
Gold Fields Limited is one of the world`s largest unhedged producers of gold
with attributable production of 3,64 million ounces per annum from eight
operating mines in South Africa, Ghana and Australia. A ninth mine, Cerro
Corona Gold/Copper mine in Peru, commenced production in August 2008 at an
initial rate of approximately 375,000 gold equivalent ounces per annum. Gold
Fields aims to reach a production rate of approximately 4.0 million ounces per
annum during the March quarter of 2009. The company has total attributable ore
reserves of 83 million ounces and mineral resources of 251 million ounces.
Gold Fields is listed on the JSE Limited (primary listing), New York Stock
Exchange (NYSE), NASDAQ Dubai Limited (NASDAQ Dubai), New Euronext in Brussels
(NYX) and Swiss Exchange (SWX).For more information please visit the Gold
Fields website at www.goldfields.co.za.
Date: 24/03/2009 14:23:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
