Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (GFI) covers the month of June 2011, specifically dated June 2, 2011. The report serves as a notification of a corporate governance change rather than a financial results announcement.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure regarding board composition and contains no financial performance data.
Material Changes
The primary material change disclosed is the appointment of Mr. Delfin Lapus Lazaro as an independent Non-Executive Director to the Gold Fields Board, effective June 1, 2011. This appointment was made in compliance with Section 3.59 of the JSE Listings Requirements.
Outlook and Management Commentary
- Management Commentary: The Board expressed a welcome to Mr. Lazaro and anticipation for his valuable contribution to the Gold Fields Group.
- Director Background: Mr. Lazaro brings extensive experience, including service on the boards of Ayala Corporation, The Insular Life Assurance Company Ltd, and Manila Water Company, Inc. He previously served as President and CEO of Globe Telecom (1996–1998) and held senior roles at Benguet Corporation.
- Education: He holds a BS in Metallurgical Engineering from the University of the Philippines and studied at the Harvard Graduate School of Business (1969–1971).
- Risks and Contingencies: No specific risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Confirmation of Mr. Delfin Lapus Lazaro's effective start date as an independent Non-Executive Director (June 1, 2011).
- Verification of Mr. Lazaro's current board memberships and potential conflicts of interest with other entities.
- Review of subsequent filings for the next scheduled financial results, as this 6-K contains no financial data.