JOHANNESBURG, May 31 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) Johannesburg today announces that Alan Wright will retire as chairperson and director of Gold Fields with effect from the next Annual General Meeting on 2 November 2010.
Mr Wright will be replaced as chairperson by prominent businesswomen and political and social activist, Dr Mamphela Ramphele. Dr Ramphele will join the board as non-executive director and deputy chairperson on 1 July 2010 and take over as chairperson at the AGM.
Dr Ramphele, a former executive of the World Bank and vice-chancellor of the University of Cape Town, is a director of Remgro, Anglo American, Medi-Clinic and social entrepreneurial company Letsemacircle.
Mr Wright's departure in November will bring to an end a long and distinguished career at Gold Fields, which he joined in 1969. As Chief Executive Officer of Gold Fields of South Africa he was instrumental in the formation of Gold Fields Limited in 1998. Mr Wright was also deputy chairperson of Gold Fields from 1994 until he took over as chairperson in 2005.
Gold Fields Chief Executive Officer, Nick Holland, said: "Alan has overseen the transformation of Gold Fields and his wealth of experience as well as commitment to the Company will be missed by all employees. On a personal level, he has been my mentor and I will miss his guidance in the exciting times ahead."
Mr Holland added: "In Dr Ramphele we have found the ideal person to take over from Alan. As we advance on our path to being the world's leading sustainable gold producer I can think of few better candidates than Dr Ramphele to lead us there."
Dr Ramphele commented: "I am delighted to be part of a company with a strong South African base that has extensive mineral reserves in leading mining locations around the world. I will be joining a group that is committed to sustainable mining and the responsible exploitation of resources to the benefit of all stakeholders, including shareholders, employees, communities and the public sector."
Mr Wright added: "Gold Fields is very fortunate in having found in Dr Ramphele a person with the required wealth of experience and ability to build on the Company's solid foundations and lead it into the future as one of the world's top gold miners."
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
For more information please visit the Gold Fields website at http://www.goldfields.co.za
* Based on the annualised run rate for the second quarter of F2010
SOURCE Gold Fields Limited
For further information: For further information: Investor Enquiries: Willie Jacobsz, Tel: (508) 839-1188, Mobile: (857) 241-7127, Email: Willie.Jacobsz@gfexpl.com; Nikki Catrakilis-Wagner, Tel: +27-11-562-9706, Mobile: +27(0)83-309-6720, Email: Nikki.Catrakilis-Wagner@goldfields.co.za; Media Enquiries: Sven Lunsche, Tel: +27-11-562-9763, Mobile: +27(0)83-260-9279, email: Sven.Lunsche@goldfields.co.za