Gold Fields appoints new CEO

The mining company, Gold Fields has revealed that Michael Fraser will be taking over as chief executive officer from January as a permanent replacement for Chris Griffith, who stepped down in December.

At the current moment, Fraser is the CEO of AIM-listed Chaarat Gold Holdings. He will be replacing Martin Preece who served as interim CEO since January, the Johannesburg-listed gold miner said Monday in a statement.

Previously, Fraser was an executive at South32 and BHP Group.

Griffith left Gold Fields in the wake of its failed attempt to take over Canadian miner Yamana Gold, denting a plan to expand in the Americas that faced opposition from some of the South African company’s own investors.