The board of directors of Gold Fields Limited have announced the appointment of Mike Fraser as CEO and executive director of the company, with effect from 1 January 2024. Fraser is currently CEO of AIM-listed Chaarat Gold Holdings, and before that, was president and COO of South32’s key metal businesses.

Fraser will take over from Martin Preece, who will continue as interim CEO until 31 December 2023. Preece will remain with the company thereafter as part of its executive management team with further information to be announced in this regard, says Gold Fields Limited.

Chairperson, Yunus Suleman, said, “On behalf of the Board, I would like to welcome Mike to the Gold Fields team. We are delighted to have a seasoned executive of his talent join Gold Fields as the CEO. He brings a rich and unique mix of global operational and corporate experience and his track record of collaboration in delivering superior results in productivity, safety and culture ideally place him to lead our management team in taking our business forward.”

Fraser, who is South African and holds a Bachelor of commerce and an MBA from the University of South Africa, will relocate to Johannesburg from London.

Following an early career in industrial services, Fraser joined the mining sector in 2001 in BHP’s human resources department. He rose through the ranks at BHP to head the Mozal Aluminium Smelter project in Mozambique in 2009, and thereafter, was appointed the group’s president: Human Resources, based in Melbourne.