New Gold Fields boss appointed

2013-03-18 13:22

Gold Fields Limited senior official Kgabo Moabelo has been appointed new managing executive in South Africa, the company has said.

Moabelo was previously the group’s executive vice-president for people and organisational effectiveness, Gold Fields said in a statement today.

His appointment took effect on March 1.

“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 chief executive officer Nick Holland.

Gold Fields had split its KDC and Beatrix mines in South Africa into the separately listed company, Sibanye Gold.

“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,” said Holland.

South Deep was 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 was expected to achieve its full production rate of 700 000 ounces a year by 2016.

Moabelo joined Gold Fields in 2010 from Cisco Systems and had held leadership roles not only in mining, but also 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.”

She 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 company said.

Gold Fields also appointed Ernesto Balarezo to replace South America’s head of operations Juan-Luis Kruger.

Balarezo, a Peruvian national, joined Gold Fields from Hochschild Mining, a Lima-listed mining company, where he was vice-president of operations.

He has 21 years of professional experience in the industrial and mining industry.

Kruger left Gold Fields to become chief executive officer of a privately held mining company in Peru.

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