JUST IN | Chris Griffith resigns as Gold Fields CEO after failed Yamana deal | Business

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Gold Fields CEO Chris Griffith has resigned in the wake of the mining company’s failed bid to acquire Canadian precious metals miner Yamana Gold. | News24_Business

Gold Fields CEO Chris Griffith has resigned in the wake of the company’s failed bid to acquire Canadian precious metals miner Yamana Gold.

"We thank Chris for the commitment and dedication he showed as CEO of Gold Fields, especially during the Yamana transaction," Gold Fields chair Yunus Suleman said in a statement on Tuesday morning. "The company is performing well, delivering strong shareholder returns and we continue to deliver on the strategy including growing the value and quality of our portfolio of assets."

 

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_Business Good call.

_Business The insatiable appetite of Gold Fields to grow through acquisitions has over the years failed & claimed many CEO’s. The Cerro Corona, IAMGold failed deals have not taught GF anything. A different growth strategy must be persued. Otherwise, good CEO’s will fall on their swords.1/2

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