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.
New board appointment: Jemal-ud-din Kassum
Also announced today is the appointment of Jemal-ud-din Kassum as an
independent non-executive director with effect from 31 January 2014.
Mr Kassum, a Tanzanian national based in the United States, was
educated in the United Kingdom at Harrow School and Oxford University
and holds an MBA from Harvard University. After a 25-year career with
the International Finance Corporation, he was appointed as the World
Bank's regional vice-president for the East Asia and Pacific region, a
position he held until 2005. He subsequently provided strategic advice
to these and other international financial institutions and
governments. He is currently a director of Guardian Holdings Limited,
a board commissioner of PT Indonesia Infrastructure Finance and a
director of Khan Bank.
Welcoming him, board chairman Philippe Lietard said his appointment was
in line with Randgold's policy of continuously broadening the board's
range of skills and experience, and refreshing its perspective. "His
many years of dealing at the highest level with governments and
institutions and his strong capacity for investment and policy
management, especially in emerging markets, will be invaluable to the
board," he said.
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Mark Bristow Graham Shuttleworth Kathy du Plessis
+44 788 071 1386 +44 1534 735 333 +44 20 7557 7738
+44 779 775 2288 +44 779 771 1338 Email:email@example.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not anticipate', or
'believes', or variations of such words and phrases or state that certain
actions, events or results 'may', 'could', 'would','might' or 'will be
taken', 'occur' or 'be achieved'. Assumptions upon which such forward-
looking statements are based are in turn based on factors and events that
are not within the control of Randgold Resources Limited ('Randgold')
and there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance
or achievements of Randgold to be materially different from those expressed
or implied by such forward-looking statements, including but not limited
to: risks related to mining operations, including political risks and
instability and risks related to international operations, actual results
of current exploration activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined, as well
as those factors discussed in Randgold's filings with the US Securities
and Exchange Commission (the 'SEC'). Although Randgold has attempted
to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Randgold does not undertake to update any forward-looking
statements herein, except in accordance with applicable securities
laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in
their filings with the SEC, to disclose only proven and probable ore
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.
This information is provided by RNS
The company news service from the London Stock Exchange