Ian Murray, formerly Deputy CEO, has become CEO, and will retain responsibility for the financial function.
Geoff Campbell, currently a non-executive director, becomes the Senior Independent Non-Executive Director and will be responsible for effective corporate governance between the Board, the Executive and external stakeholders.
Mark Wellesley-Wood remains as Executive Chairman and will retain responsibility for all operations as well as for the Board.
The DRD Board functions through four principal committees:
Commenting on these changes, Mark Wellesley-Wood, said: “Our business is still evolving and these changes serve to provide the stability and certainty in execution necessary for future growth. Ian and I have worked well together over the last three years and I am confident that, with our strengthened management team, DRD’s continued growth is assured.”
Ilja Graulich, Durban Roodepoort Deep, Limited
+27 11 381 7826 (office)
+27 83 604 0820 (mobile)
James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)
Paul Downie, Porter Novelli
+61 893 861 233 (office)
+61 414 947 129 (mobile)
Some of the information in this media release may contain projections or other forward looking statements regarding future events or other future financial performance. We wish to caution you that these statements are only projections and those actual events or results may differ materially. In reviewing, please refer to the documents that we file from time to time with the SEC, specifically to our annual report on Form 20-F. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward looking statements, including such risks as difficulties in being a marginal producer of gold, changes and reliability of ore reserve estimates, gold price volatility, currency fluctuations, problems in the integration of operations, exploration and mining risks and a variety of risks described in our annual report on Form 20-F. We undertake no obligation to publicly release results of any of these forward looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.
Cautionary note to US investors: the United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use the term "resources" (which includes "measured", "indicated", and "inferred") in our media releases, which the SEC guidelines strictly prohibit us from including in our filing with the SEC. US investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-28800, available from us at 45 Empire Road, Parktown, Johannesburg, 2193, South Africa. You can also obtain this form from the SEC website at http://www.sec.gov/edgar.shtml