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
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