Appointment of Chief Financial Officer
12 December 2014
DRDGOLD Limited (DRDGOLD; JSE,NYSE: DRD) has announced that KPMG audit partner Riaan Davel has accepted the post of Chief Financial Officer (CFO) of DRDGOLD with effect from 1 January 2015.
He will replace Anthon Meyer, who was appointed acting CFO in July 2014, pending the appointment of a permanent CFO.
Davel, a qualified Chartered Accountant (South Africa), has a BCom (Hons) and an M Com (in International Accounting) from the University of Johannesburg.
He has 17 years’ experience in the professional services industry, mostly in the mining sector in Africa.
As part of gaining this experience, he provided assurance and advisory services, including support and training on International Financial Reporting Standards (IFRS) to clients and teams across the African continent.
Davel has spent the last seven years at KPMG as audit partner, where his work included performing audits of listed companies in the mining industry, including SEC registrants.
He has also gained experience as an IFRS technical partner, and represented the South African Institute of Chartered Accountants on the International Accounting Standards Board’s project on Extractive Activities from 2003 to 2010.
He also served on committees that compile or update the South African Codes for reporting and valuation of mineral reserves and resources.
South Africa & North America
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Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a sustained strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD’s competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors. These risks include, without limitation, those described in the section entitled “Risk Factors” included in our annual report for the fiscal year ended 30 June 2013, which we filed with the United States Securities and Exchange Commission on 25 October 2013 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events. Any forward-looking statement included in this report have not been reviewed and reported on by DRDGOLD’s auditors.