Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) has appointed Alhassan Andani and Peter Bacchus as independent non-executive directors to its Board of Directors.
This brings to four the announcements of new non-executive directors to the Gold Fields Board over the past two months.
The appointment of Mr Andani takes effect from 1 August, 2016 and that of Mr Bacchus from 1 September, 2016.
Earlier this month, Gold Fields announced that former KPMG Africa Chair Yunus Suleman will join the Board on 1 September, 2016, while Impala Platinum CEO Terence Goodlace joined as a director on 1 July 2016.
Gold Fields Chairperson Cheryl Carolus said the four new directors will 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. Former director David Murray stepped down from the Board on 1 June, 2016.
“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,” Ms Carolus said.
Mr Andani (55) is currently Chief Executive and Executive Director of Stanbic Bank Ghana. He has held various directorship positions and is currently the Board Chairman of the Ghana CSIR (Council for Scientific & Industrial Research) and a director of SOS Villages Ghana. He holds a BSc in Agriculture from the University of Ghana and a Master’s Degree in Banking and Finance from the Finafrica Institute in Italy.
Mr Bacchus (47) is the Global Head of Mining & Metals and Joint Head of European Investment Banking at investment bank Jefferies, based in London. Prior to this position he was Global Head of Mining & Metals at Morgan Stanley and before then Head of Investment Banking, Industrials, and Natural Resources at Citigroup. Mr Bacchus has over 20 years’ experience in investment and corporate banking with a focus on the global natural resource sector. He is also a non-executive director of UK-listed mining group NordGold and a trustee of Space for Giants, an African-focused conservation charity. He is a qualified Chartered Accountant and holds a Masters in Economics from Cambridge University, United Kingdom.
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