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Gold Fields board beefed up with two more directors - SABC News

Monday, 25 July 2016

Gold Fields on Friday made two further appointments to its board, announcing Alhassan Andani and Peter Bacchus as independent non-executive directors. This brings to four the announcements of new non-executive directors to the Gold Fields Board over the past two months.

Gold Fields said the appointment of Andani, currently the chief executive of Stanbic Bank Ghana, would takes effect on 1 August while that of Bacchus would become effective on September 1.

Bacchus is the Global Head of Mining and Metals and Joint Head of European Investment Banking at investment bank Jefferies, based in London.

Earlier this month, Gold Fields announced that former KPMG Africa chair, Yunus Suleman, would join the board in September, while Impala Platinum chief executive, Terence Goodlace, joined as a director on July 1.

Gold Fields chairperson, Cheryl Carolus, said the four new directors would ensure continuity of the skills set of the board as a number of the current directors were approaching retirement age over the next two years.

"The new directors provide the technical, financial, commercial and global mining experience necessary to help Gold Fields maintain and further strengthen its position as a global leader in sustainable gold mining," Carolus said in a statement.

Former director David Murray stepped down from the board last month.

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