Gold Fields Limited has announced that Chris Griffith will step down as Chief Executive Officer (CEO) of Gold Fields, effective 31 December 2022.

Mr. Chris Griffith will be replaced by Martin Preece, who joined Gold Fields almost six years ago as an executive committee member having also led the turnaround of South Deep.

Martin Preece, will lead the company as Interim CEO effective 1 January 2023.

Gold Fields Chairperson Yunus Suleman said: “We thank Chris for the commitment and dedication he showed as CEO of Gold Fields, especially during the Yamana Gold transaction. We were all disappointed that the Yamana deal did not go through, as we felt it was a compelling deal which would have created a strong company and created value for all our shareholders. The company is performing well, delivering strong shareholder returns and we continue to deliver on the strategy, including growing the value and quality of our portfolio of assets.”

Departing CEO Mr. Griffith commented: “The Board and I agree that the company’s strategy, including growing the value and quality of the portfolio, continues to be the right one, but we also felt that the Yamana setback should not be allowed to impede the company’s strategy. So, as CEO I felt that I should take responsibility and allow the company to move forward under new leadership unencumbered by the Yamana transaction.

“I want to thank the Board for the opportunity to lead the successful company that is Gold Fields, and to have worked with them to help refine its strategic direction.”

About Martin Preece

Martin Preece joined Gold Fields as Executive Vice President: South Africa in May 2017. He previously held the position of Chief Operating Officer at De Beers South Africa. Martin has 37 years of mining experience, starting his career as a learner miner and gradually building up his experience before taking up mine manager positions at various operations. After moving to Group level at De Beers he held positions as mine strategist and business development manager before becoming COO.

About Gold Fields
Gold Fields Limited is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa, and West Africa (including the Asanko Joint Venture) and one project in Chile. The South African based mining company have total attributable annual gold-equivalent production of 2.34Mo, attributable gold-equivalent Mineral Reserves of 48.6Moz and gold Mineral Resources of 111.8Moz.