FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of March 2008
Commission File Number 1-31318
Commission File Number 1-31318
Gold Fields Limited
(Translation of registrant's name into English)
24 St. Andrews Rd.
Parktown, 2193
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
cover Form 20-F or Form 40-F.
Form 20-F..x... Form 40-F.....
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ________
permitted by Regulation S-T Rule 101(b)(1): ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ________
permitted by Regulation S-T Rule 101(b)(7): ________
Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..x...
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
connection with Rule 12g3-2(b): 82- ________
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fax+27 11 484-0639
www.goldfields.co.za
Fax+27 11 484-0639
www.goldfields.co.za
Enquires
Willie Jacobsz
Tel +1508-358-0188
Tel +1508-358-0188
Mobile +1857-241-7127
Andrew Davidson
Tel
Tel
+27 11 644-2638
Fax
+27 11 484-0639
Mobile 082 667 7203
MEDIA RELEASE
Leadership Changes at Gold Fields
TELECONFERENCE
Gold Fields will host a teleconference on Monday, March 31, at 16:30
Johannesburg time, regarding this announcement. Details of the
teleconference appears at the bottom of this press release.
Johannesburg time, regarding this announcement. Details of the
teleconference appears at the bottom of this press release.
Johannesburg, 31 March 2008. The Board of Gold Fields Limited
(“Gold Fields”) (NYSE, JSE, DIFX: GFI) wishes to announce that, after
a distinguished nine years with Gold Fields, the last six as Chief
Executive Officer, Ian Cockerill has decided to step down. He will be
joining a company outside of the gold industry, the name of which will
be announced later in the week.
(“Gold Fields”) (NYSE, JSE, DIFX: GFI) wishes to announce that, after
a distinguished nine years with Gold Fields, the last six as Chief
Executive Officer, Ian Cockerill has decided to step down. He will be
joining a company outside of the gold industry, the name of which will
be announced later in the week.
Ian will be succeeded by Nick Holland who has been the Chief
Financial Officer of Gold Fields since its inception in 1998. In a
complimentary move, Terence Goodlace, Executive Vice President
and Head of South African Operations, will be appointed to the new
position of Chief Operating Officer, and as a member of the Gold Fields
Board. A new Chief Financial Officer will be recruited to replace Nick.
Financial Officer of Gold Fields since its inception in 1998. In a
complimentary move, Terence Goodlace, Executive Vice President
and Head of South African Operations, will be appointed to the new
position of Chief Operating Officer, and as a member of the Gold Fields
Board. A new Chief Financial Officer will be recruited to replace Nick.
The Board also wishes to announce that, unrelated to Ian’s resignation,
John Munro, Executive Vice President of Corporate Development, has
resigned to take up the position of Chief Executive Officer of a new
uranium company. John’s executive responsibilities for Corporate
Development will be assumed by Jimmy Dowsley, Senior Vice
President for Business Development. In a supporting move, Juan Luis
Kruger, Senior Vice President and Head of Operations in Peru, will be
appointed to the Gold Fields Executive Committee, to head up South
American Operations.
John Munro, Executive Vice President of Corporate Development, has
resigned to take up the position of Chief Executive Officer of a new
uranium company. John’s executive responsibilities for Corporate
Development will be assumed by Jimmy Dowsley, Senior Vice
President for Business Development. In a supporting move, Juan Luis
Kruger, Senior Vice President and Head of Operations in Peru, will be
appointed to the Gold Fields Executive Committee, to head up South
American Operations.
Alan Wright, Chairman of Gold Fields, said: “In his nine years with Gold
Fields, Ian has made a tremendous contribution to the Company. He
very effectively established Gold Fields as a global player with world-
class operations in Africa, South America and Australia, as well as a
large portfolio of exploration projects in all of the major gold provinces
of the world. Particularly valuable, especially at this time, is the
excellent succession strategy that Ian has put in place. Gold Fields’
depth of management is unrivalled in the industry, and made it
relatively easy for the Board to decide on his successor.”
Fields, Ian has made a tremendous contribution to the Company. He
very effectively established Gold Fields as a global player with world-
class operations in Africa, South America and Australia, as well as a
large portfolio of exploration projects in all of the major gold provinces
of the world. Particularly valuable, especially at this time, is the
excellent succession strategy that Ian has put in place. Gold Fields’
depth of management is unrivalled in the industry, and made it
relatively easy for the Board to decide on his successor.”
-2-
“While we are sad to see Ian leave so soon before Gold Fields will start reaping the rewards of the
Cerro Corona project in Peru, which will come into production by the middle of the year, and the
South Deep Project in South Africa, we respect his decision to move on. We thank Ian for the
outstanding contribution that he has made to Gold Fields, and wish him well in the next phase of his
career. Both Nick Holland and Terence Goodlace are veterans of the gold mining industry and their
depth of knowledge of Gold Fields specifically and the industry generally, is unrivalled. With the
Holland/Goodlace team at the helm during an exciting growth phase, the future remains bright for
Gold Fields,” Wright added.
Cerro Corona project in Peru, which will come into production by the middle of the year, and the
South Deep Project in South Africa, we respect his decision to move on. We thank Ian for the
outstanding contribution that he has made to Gold Fields, and wish him well in the next phase of his
career. Both Nick Holland and Terence Goodlace are veterans of the gold mining industry and their
depth of knowledge of Gold Fields specifically and the industry generally, is unrivalled. With the
Holland/Goodlace team at the helm during an exciting growth phase, the future remains bright for
Gold Fields,” Wright added.
Ian Cockerill said: “The decision to leave Gold Fields was not an easy one but I have always believed
that a CEO has a shelf life of about six to seven years. As Gold Fields enters the next and very
exciting phase of its growth and development, with Cerro Corona and South Deep, as well as the
expansion at Tarkwa, being brought to account, it is time for a fresh hand at the rudder. As a
substantial shareholder I am very comfortable with the new leadership appointed by the Board.”
that a CEO has a shelf life of about six to seven years. As Gold Fields enters the next and very
exciting phase of its growth and development, with Cerro Corona and South Deep, as well as the
expansion at Tarkwa, being brought to account, it is time for a fresh hand at the rudder. As a
substantial shareholder I am very comfortable with the new leadership appointed by the Board.”
Nick Holland, CEO Designate of Gold Fields said: “I am both humbled and energized by my
appointment as Chief Executive Officer, at a time when Gold Fields and its shareholders are poised
to reap the benefits of a number of new gold projects against the backdrop of a higher gold price
environment. I intend to build on the solid foundation which Ian has laid over the past six years, and
to lead Gold Fields to new heights.”
appointment as Chief Executive Officer, at a time when Gold Fields and its shareholders are poised
to reap the benefits of a number of new gold projects against the backdrop of a higher gold price
environment. I intend to build on the solid foundation which Ian has laid over the past six years, and
to lead Gold Fields to new heights.”
Terence Goodlace, COO Designate said: “Gold Fields has in its portfolio some of the best and most
exciting gold assets in the world. My new role is to re-energize the operational teams so as to ensure
that we deliver on our undertakings to shareholders. In addition to ensuring that the existing
operations perform to their potential, our priorities in the short term are to deliver the new Cerro
Corona mine on time, to complete the Tarkwa expansion, and to turn the South Deep project to
account.”
exciting gold assets in the world. My new role is to re-energize the operational teams so as to ensure
that we deliver on our undertakings to shareholders. In addition to ensuring that the existing
operations perform to their potential, our priorities in the short term are to deliver the new Cerro
Corona mine on time, to complete the Tarkwa expansion, and to turn the South Deep project to
account.”
Alan Wright also thanked John Munro for the significant contribution that he has made to Gold Fields
over the years: “On his watch Gold Fields acquired the St Ives and Agnew mines in Australia as well
as the Teberebie and Damang mines in Ghana. John was also involved in the acquisition of the
Arctic Platinum Project in Finland and the Cerro Corona project in Peru, as well as the disposal of the
Choco 10 mine in Venezuela. He has made a significant contribution to the shaping of Gold Fields
Limited as it is today, for which we thank him. While we are sorry to see John leave, we also wish
him the best of luck in his new career.”
over the years: “On his watch Gold Fields acquired the St Ives and Agnew mines in Australia as well
as the Teberebie and Damang mines in Ghana. John was also involved in the acquisition of the
Arctic Platinum Project in Finland and the Cerro Corona project in Peru, as well as the disposal of the
Choco 10 mine in Venezuela. He has made a significant contribution to the shaping of Gold Fields
Limited as it is today, for which we thank him. While we are sorry to see John leave, we also wish
him the best of luck in his new career.”
John Munro said: "Gold Fields has been at the centre of my professional life for the past 21 years.
Whilst I have not taken this decision lightly, I feel it is the right time in my career to take on a new
challenge. I wish Nick and Terence and the rest of the team every success in the future."
Whilst I have not taken this decision lightly, I feel it is the right time in my career to take on a new
challenge. I wish Nick and Terence and the rest of the team every success in the future."
All of these changes will be effective as from 1 May 2008.
ends
Enquiries:
Gold Fields Limited
Gold Fields Limited
Brunswick
Willie
Jacobsz
Andrew Davidson
Rob Pinker/Roderick Cameron
Office: 508-358-0188
Office: 27 11 644-2638
Office: 27 11 502-7300
Mobile: 857-241-7127
Mobile: 082 667-7203
Mobile: 083 326-7794/082 887-4593
-3-
About Gold Fields
Gold Fields Limited is one of the world’s largest unhedged producers of gold with attributable production of more than four
million ounces per annum from eight operating mines in South Africa, Ghana and Australia.
A ninth mine, the Cerro Corona Gold/Copper mine in Peru, is expected to commence production by mid 2008 at an initial
rate of approximately 400,000 gold equivalent ounces per annum.
The company has total attributable ore reserves of 92 million ounces and mineral resources of 252 million ounces.
Gold Fields employs some 53,000 permanent employees across its operations and is listed on the JSE Limited South Africa
(primary listing), the New York Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
All of Gold Fields’ operations are ISO14001 certified. For more information please visit the Gold Fields website at
www.goldfields.co.za
Gold Fields Limited is one of the world’s largest unhedged producers of gold with attributable production of more than four
million ounces per annum from eight operating mines in South Africa, Ghana and Australia.
A ninth mine, the Cerro Corona Gold/Copper mine in Peru, is expected to commence production by mid 2008 at an initial
rate of approximately 400,000 gold equivalent ounces per annum.
The company has total attributable ore reserves of 92 million ounces and mineral resources of 252 million ounces.
Gold Fields employs some 53,000 permanent employees across its operations and is listed on the JSE Limited South Africa
(primary listing), the New York Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
All of Gold Fields’ operations are ISO14001 certified. For more information please visit the Gold Fields website at
www.goldfields.co.za
.
Teleconference
Monday February 25, 2008
For Johannesburg: 16:30
For United Kingdom: 15:30 hours GMT
For North America: 10:30 a.m., Eastern time
Gold Fields Limited will be hosting a teleconference to discuss the change in leadership on Monday, 31 March
2008 at the times listed above.
2008 at the times listed above.
DIAL IN NUMBERS
South Africa
South Africa
Toll:
011 535 3600
Toll-free 0800 200 648
USA
Toll:
1 412 858 4600
Toll-free 1800 860 2442
Australia
Toll-free 1800 350 100
United Kingdom
Toll-free 0800 917 7042
Canada
Toll-free 1 866 519 5086
Ask for Gold Fields call
SIMULTANEOUS AUDIO WEBCAST
Available at our website,
www.goldfields.co.za
DIGITAL REPLAY AVAILABLE ONE-HOUR AFTER CALL
Playback code: 2541#
(Available for seven days)
South Africa & Other: + 27 11 305 2030
USA: 1 412 317 0088
United Kingdom: 0808 234 6771
Europe: + 41 91 612 4330 (Switzerland)
Australia: 1 800 091 250
Enquiries re teleconference:
Francie Whitley
Phone: 27 11 644 2505
Fax: 27 11 484 0639
Phone: 27 11 644 2505
Fax: 27 11 484 0639
Franciew@goldfields.co.za
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: 31 March 2008
GOLD FIELDS LIMITED
By:
Name:
Mr W J Jacobsz
Title: Senior Vice President: Investor
Title: Senior Vice President: Investor
Relations and Corporate Affairs