JOHANNESBURG, March 18, 2013 /CNW/ - Gold Fields Limited (JSE,
NYSE, NASDAQ, Dubai: GFI) is pleased to announce the appointment of
three new senior executives to the company's Executive
Committee.
Kgabo Moabelo has been promoted to Gold Fields' Managing
Executive, South Africa. He was
previously the Executive Vice-President for People and
Organisational Effectiveness for the Group, including its
international operations. His appointment took effect on
March 1, 2013.
"Following the unbundling of Sibanye Gold from Gold Fields it
had become necessary to review the managing structure for the South
Africa Region and the South Deep mine," said Gold Fields CEO
Nick Holland. "Kgabo will have full
responsibility for South Deep's business and operational
performance in addition to dealing with the many outside
stakeholders that fall within the ambit of the company's South
African operations," Mr Holland added.
South Deep is a crucial pillar in the growth of Gold Fields
accounting for a significant portion of the company's Mineral
Reserves and future production profile. The mine is expected to
achieve its full production rate of 700,000 ounces a year by
2016.
Mr Moabelo joined Gold Fields in 2010 from Cisco Systems and has
held leadership roles not only in mining but in energy, financial
services and information technology.
His position as head of HR will be taken by Lee-Ann Samuel, who will become Gold Fields'
Senior Vice-President, Human Resources and previously headed the
company's Remuneration and Employee Benefits portfolio. Ms Samuel,
who joined Gold Fields in 2009, has held a number of managerial
positions at large private sector companies and has consulted
widely to local and provincial government departments.
The third appointment is that of Ernesto Balarezo, who has joined the company
as Executive Vice-President for South
America, to replace Juan-Luis
Kruger. Mr Balarezo, a Peruvian national, joins Gold Fields
from Hochschild Mining, a Lima-listed mining company, where he was
Vice-President, Operations. He has altogether 21 years of
professional experience in the industrial and mining industry.
Mr Kruger left Gold Fields to become CEO of a privately-held
mining company in Peru.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with
attributable annualised production of 2.1 million gold equivalent
ounces from six operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields also
has an extensive and diverse global growth pipeline with four major
projects at resource development and feasibility level. Gold Fields
International has total managed gold-equivalent Mineral Reserves of
64 million ounces and Mineral Resources of 155 million ounces. Gold
Fields is listed on the JSE Limited (primary listing), the
New York Stock Exchange (NYSE),
NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
In February 2013, Gold Fields
unbundled its KDC and Beatrix mines in South Africa into a separately listed company,
Sibanye Gold.
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited