SOURCE: Randgold Resources Ld
January 31, 2014 09:29 ET
JERSEY, CHANNEL ISLANDS--(Marketwired - Jan 31, 2014) - Randgold Resources Ltd (LSE: RRS)
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources" or the "company")
CHANGES TO THE BOARD: APPOINTMENT OF NEW CHAIRMAN AND AN ADDITIONAL
INDEPENDENT NON-EXECUTIVE DIRECTOR
London, Friday 31 January 2014
Randgold Resources today announced that Philippe Lietard, the chairman
of the board for 10 years and a non-executive director since 1998, will
step down from the board at the company's next annual general meeting.
Mr Lietard will be succeeded as chairman by Christopher Coleman who has
been an independent non-executive director of Randgold since 2008.
Mr Coleman is Head of Banking and Asset Finance at Rothschild and sits
on the board of NASDAQ listed Papa Johns International, Inc. He is
also an economics graduate of the London School of Economics.
Randgold chief executive Mark Bristow said: "Philippe's passion for the
business, his pursuit of excellence and his vision of a better future
for Africa made him an inspirational role model for all at Randgold.
His exceptional understanding of doing business in Africa, broad
perspective and calm good sense helped to guide us safely through the
many challenges Randgold has faced. We shall miss Philippe's presence
on the board, but fortunately he has agreed to become the first
chairman of Nos Vies en Partage Foundation, the charitable foundation
recently established by Randgold."
Mr Lietard said: "I am very fortunate to have been associated with this
adventure and privileged to have worked with an amazingly talented and
dedicated group of people, from the board and CEO down. Chris has been
a close colleague for many years, and Randgold will benefit from his
leadership and judgement in the next phase of the company's growth.
I'm fully confident that the adventure will continue, just on a larger
Mr Coleman said he was looking forward to working with the board and
management as the company advanced to its next growth stage and he
continues his long association with Randgold in his new role.
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