Multinational gold miner Gold Fields has announced the appointment of three new senior executives to the companys executive committee.Kgabo Moabelo, who was previously the executive vice president for people and organisational effectiveness for the company, has been promoted to Gold Fields‘ South Africas managing executive. His appointment took effect on 1 March 2013. Following the unbundling of Sibanye Gold from Gold Fields, it had become necessary to review the managing structure for the South Africa region and Gold Fields‘ South Deep mine. Moabelo will have full responsibility for South Deep‘s business and operational performance in addition to dealing with the many outside stakeholders that fall within the ambit of the company’s South African operations, said Gold Fields CEO, Nick Holland. Gold Fields noted that its South Deep mine is a crucial pillar in the growth of companys accounting for a significant portion of its mineral reserves and future production profile. The mine is expected to achieve its full production rate of 700 000 ozpa by 2016.
Moabelo joined Gold Fields in 2010 from Cisco Systems and has held leadership roles not only in mining but in energy, financial services and information technology. His position as head of HR will be taken by Lee-Ann Samuel, previously head of the company’s remuneration and employee benefits portfolio, who will become Gold Fields‘ senior vice-president: human resources.Samuel, who joined Gold Fields in 2009, has held a number of managerial positions at large private sector companies and has consulted widely to local and provincial government departments. The third appointment is that of Ernesto Balarezo, who has joined the company as executive vice president for South America, to replace Juan-Luis Kruger, who left Gold Fields to become CEO of a privately held mining company in Peru. Balarezo. A Peruvian national, joins Gold Fields from Hochschild Mining, a Lima-listed mining company, where he was vice president of operations. He has 21 years of professional experience in the industrial and mining industry.