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(Kitco News) - Major global gold producer Gold Fields (JSE, NYSE: GFI) today announced the appointment of Mike Fraser as CEO and Executive Director of the company with effect from 1 January 2024.
The company said that Fraser is currently CEO of AIM-listed Chaarat Gold Holdings and before that was President and Chief Operating Officer of South32's key metal businesses.
According to Gold Fields, he will take over from Martin Preece, who, to ensure a seamless leadership transition, will continue as Interim CEO until 31 December 2023.
Preece will remain with the company thereafter as part of its executive management team with further information to be announced in this regard, it added.
Gold Fields Chairperson, Yunus Suleman, said, "On behalf of the Board, I would like to welcome Mike to the Gold Fields team. We are delighted to have a seasoned executive of his talent join Gold Fields as the CEO. He brings a rich and unique mix of global operational and corporate experience and his track record of collaboration in delivering superior results in productivity, safety and culture ideally place him to lead our management team in taking our business forward."
Fraser said, "It is indeed a great honour to join one of the world's top gold mining companies, particularly one that has set the pace in so many areas, including operational performance, value creation and positive impact for its stakeholders.
“Gold Fields has in recent years transformed itself into a modern and global business that has embedded ESG in its business and provides strong value to its stakeholders. I look forward to working with the Gold Fields team in continuing this successful journey."
