Gold Fields appoints two more directors

22nd July 2016 By: Megan van Wyngaardt - Creamer Media Contributing Editor Online

JOHANNESBURG (miningweekly.com) – Gold Fields has appointed Alhassan Andani and Peter Bacchus as independent nonexecutive directors, effective August 1 and September 1, respectively.

Gold Fields earlier this month announced that former KPMG Africa chairperson Yunus Suleman would join the board in September, while outgoing Impala Platinum CEO 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.

David Murray stepped down from the board on June 1.

“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.
Andani is currently CEO and executive director of Stanbic Bank Ghana. He has held various directorship positions and is currently the chairperson of Ghana’s Council for Scientific and Industrial Research and a director of SOS Villages Ghana.

He holds a BSc in Agriculture from the University of Ghana and a Master’s in Banking and Finance from the Finafrica Institute in Italy.

Bacchus is the global head of mining and metals and joint head of European investment banking at investment bank Jefferies, based in London. Prior to this, he was global head of mining and metals at Morgan Stanley and before then head of investment banking, industrials and natural resources at Citigroup.