The Board of Directors of Gold Fields announced the appointment of Mr. Michael (Mike) Fraser as an Executive Director of the Company with effect from 1 January 2024. Mr. Fraser will be based in the Gold Fields Corporate Office in Johannesburg, South Africa. Mr. Fraser will succeed Mr. Martin Preece, who has served as Interim CEO and Executive Director of the Company since 1 January 2023.

Mr. Fraser is a mining industry executive with extensive experience. He is currently the CEO of AIM-listed Chaarat Gold Holdings and prior to that was with South32 as Chief Operating Officer of its global Aluminium, Nickel, SA Manganese and Energy Coal businesses. He was also previously an executive with BHP, with roles as Chief Human Resources Officer and President of Mozal Aluminium in Mozambique.

To ensure a seamless leadership transition, Mr. Preece will continue as Interim CEO until 31 December 2023. Mr. Preece will remain with the Company as part of its executive management team with further information to be announced in due course.