JOHANNESBURG, July 30 /CNW/ - Gold Fields Limited Limited ("Gold Fields")
(NYSE, JSE, DIFX: GFI)regrets to announce that Terence Goodlace has informed
the Board of his resignation as Chief Operating Officer and an executive
director of the Company, effective September 30, 2008.
Goodlace said: "My resignation was prompted entirely by very private and
personal considerations. I regret that I will not be with Gold Fields to share
in its recovery over the next few quarters, but I will be leaving with the
knowledge that the building blocks for success are in place, and that Gold
Fields has the depth in executive and operational leadership required to
execute its strategy."
Alan Wright, Chairman of Gold Fields said: "In the light of his personal
circumstances I have reluctantly accepted Terence's resignation. He will leave
Gold Fields with our blessings and our deep respect and gratitude for the many
and varied contributions that he has made to the Group."
Nick Holland, Chief Executive Officer said, "Terence has been a key
member of the Gold Fields leadership team since its inception in 1998 and has
served the company with distinction in various executive positions over this
period. He will be remembered for his deep understanding of all facets of
mining and, in particular, for the seminal role that he played in re-defining
Gold Fields' approach to the safety of its people in the work place. He will
leave behind many friends."
Terence's current position of Chief Operating Officer will be split into
two roles, with Vishnu Pillay, currently the Head of South African operations,
continuing in that role as Executive Vice President of the South African
operations, and Glenn Baldwin, currently Head of Australian and West African
operations, assuming the role of Executive Vice President for all
international operations. Both Vishnu and Glenn will report to Nick Holland
and join the Group General Executive Committee. The change in the reporting
structure will become effective on October 1, 2008.
About Gold Fields
Gold Fields Limited is one of the world's largest unhedged producers of
gold with attributable production of more than four million ounces per annum
from eight operating mines in South Africa, Ghana and Australia.
A ninth mine, the Cerro Corona Gold/Copper mine in Peru, is expected to
commence production by mid 2008 at an initial rate of approximately 400,000
gold equivalent ounces per annum.
The company has total attributable ore reserves of 92 million ounces and
mineral resources of 252 million ounces.
Gold Fields employs some 53,000 permanent employees across its operations
and is listed on the JSE Limited South Africa (primary listing), the New York
Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
All of Gold Fields' operations are ISO14001 certified. For more
information please visit the Gold Fields website at www.goldfields.co.za.
For further information:
For further information: Enquires: Willie Jacobsz, Tel: +508-358-0188,