JOHANNESBURG, August 21, 2013 /PRNewswire/ --
The Chair of Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI), Ms Cheryl
Carolus, announces that following a review of the
composition of the Board of Directors, in light of the Company's
new strategic direction (including the unbundling of Sibanye Gold
Limited to shareholders earlier this year) and the challenges
presented by the current low gold price and high cost operating
environment, the Board has decided to reduce the number of
directors from 12 to nine.
Following discussions with the Board and the Nominating and
Governance Committee, Messrs Delfin Lazaro, Roberto Dañino and
Rupert Pennant-Rea volunteered to
resign as non-executive directors and have agreed to step down from
the Board with immediate effect.
On behalf of the Board, the Chair would like to express
appreciation for the time and effort that each of the departing
non-executive directors has put into the Company for the benefit of
all its stakeholders. Messrs Pennant-Rea and Dañino acted as the
Chairs of the Remuneration Committee and Social and Ethics
Committee respectively. Mr Lazaro has done an admirable job in
representing the Company's interests in the Philippines and he will continue to do so
following his resignation. We greatly appreciate that each of our
departing non-executive directors has sought to bring their
experience and expertise to a range of matters over the time they
have been with the Company.
The Chair announces that non-executive director Mr Donald Ncube will assume the role of the Chair
of the Social and Ethics Committee and non-executive director Mr
Alan Hill will assume the role of
the Chair of the Remuneration Committee.
The Board believes that its new composition will more
appropriately reflect the needs of the Company and is confident
that it will continue to be able to perform its duties for the
benefit of all stakeholders.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with
attributable annualised production of approximately 2.0 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
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 an independent and
separately listed company, Sibanye Gold.
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Willie Jacobsz
Tel: +27-11-562-9775
Mobile: +27-82-971-9238
Email: Willie.Jacobsz@goldfields.co.za
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.co.za
SOURCE Gold Fields Limited