Ramphele to chair Gold Fields

2010-05-31 09:47

Former World Bank executive Mamphela Ramphele has been appointed

chairperson of Gold Fields, one of the world’s largest gold producers.

“Dr Ramphele will join the board as non-executive director and

deputy chairperson on July 1, and take over as chairperson at the annual general

meeting,” the company said in a statement.

Ramphele replaces Alan Wright with effect from the next annual

general meeting on November 2.

Ramphele is also the a former executive of the World Bank and

vice-chancellor of the University of Cape Town, is a director of Remgro, Anglo

American, Medi-Clinic and social entrepreneurial company Letsemacircle, said the

statement.

Wright’s departure in November would bring to an end a long and

distinguished career at Gold Fields, which he joined in 1969, the company

said.

“Alan has overseen the transformation of Gold Fields and his wealth

of experience as well as commitment to the company will be missed by all

employees,” Gold Fields chief executive officer, Nick Holland, said.

He added that in Ramphele, Gold Fields had found the ideal person

to take over from Wright.

“As we advance on our path to being the world’s leading sustainable

gold producer I can think of few better candidates than Dr Ramphele to lead us

there.”

Ramphele said she was “delighted” to be part of a company with a

strong South African base that had extensive mineral reserves in leading mining

locations across the world.

“I will be joining a group that is committed to sustainable mining

and the responsible exploitation of resources to the benefit of all

stakeholders, including shareholders, employees, communities and the public

sector.”

 

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