Failed YamanaGoldInc takeover sees GoldFields_LTD CEO Chris Griffith step down GOLD
, only a month after the company’s failed attempt to take over Canada’s Yamana Gold .
Griffith, 57, was appointed CEO of the South African gold miner in April 2021, taking over from Nick Holland, who retired after 13 years. Griffith had previously held the top job at Anglo American Platinum and Kumba Iron Ore.Under his direction, Gold Fields kicked off plans to expand into North America, beginning with the attempted acquisition of Yamana.
“The Yamana setback should not be allowed to impede the company’s strategy,” Griffith said in an emailed statement. “As a CEO I felt that I should take responsibility and allow the company to move forward under new leadership unencumbered by the Yamana 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,” chair Yunus Suleman noted.Shares in Gold Fields, which operates nine mines across Australia, Peru, South Africa and West Africa, dropped a fifth on the day the
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