After 24 years, Holland will spend his last year nurturing the nine mines in the group and start the new $860m Salares Norte project in Chile
Gold Fields’ veteran CEO Nick Holland has reached retirement age and will step down from the gold miner in 2021, chair Cheryl Carolus said on Thursday.
On the Gold Fields board is another mining veteran, Terence Goodlace, who has spent years in senior management roles at Gold Fields and was the CEO at Impala Platinum. He is a highly regarded and would be a logical internal appointment if he’d want the job. After Gold Fields, he has no plans, he said, pointing out his entire focus for the next year would be delivering on strategy and starting the new $860m Salares Norte project in Chile. Gold Fields will spend $500m on Salares in 2021, coming mostly from internal cash generation.“I’m relatively young and energetic. I really love this industry, so anything is possible. It’s been a long stint as CEO at Gold Fields, 13 years plus against five or seven years as an industry average.
Under Holland’s leadership, Gold Fields unbundled three deep-level gold mines in SA to form Sibanye-Stillwater as a separately listed company in 2013. Sibanye has gone on to become the world’s largest source of platinum group metals, building off its base in gold.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nick Holland to retire as Gold Fields CEO in 2021After 24 years, Holland reaches retirement age, sparking a search for his replacement
Read more »
Nick Holland to retire as Gold Fields CEO in 2021After 24 years, Holland reaches retirement age, sparking a search for his replacement
Read more »
Gold reclaims $2,000/oz level on weaker dollarSpot gold hits one-week high of $2,014.97 and silver jumps as much as 3.8%
Read more »
Gold Fields doubles interim profit and sees more comingThe interim dividend of R1.60 a share matches the entire payout for 2019 as a high gold price and steady production pays off
Read more »
Gold Fields doubles interim profit and sees more comingThe interim dividend of R1.60 a share matches the entire payout for 2019 as a high gold price and steady production pays off
Read more »
COVID-19 field hospital run on hydrogen powerA new hydrogen fuel cell system is wholly responsible for powering a COVID-19 field hospital at Pretoria's One Military hospital and the government is planning to expand the initiative.
Read more »