| NEWS RELEASE
World Gold Council Appoints Haruko
Fukuda as Chief Executive Officer
LONDON:
24 February 1999 - The Board of Directors of the World Gold Council
(WGC) today announced the appointment of Haruko Fukuda as the new Chief
Executive Officer, with effect from 22 March 1999. Miss Fukuda will be
appointed a Director and join the Board of the WGC.
Miss Fukuda is 52 years old. A graduate of Cambridge University, she
has lived most of her life in the UK. She has a long and distinguished
career in the City of London. Until recently she was a Member of the Council
of the Nikko Research Center of Japan and Vice Chairman of Nikko Europe
Plc, and formerly a Partner of James Capel & Co. In her earlier career
she worked in the World Bank in Washington DC and is the author of several
books on international trade policy.
She is a Senior Advisor to Lazard Brothers & Co. Limited, and a Director
of Foreign & Colonial Investment Trust PLC and other companies. She
is also Chairman of the Japan Society in the UK.
In commenting on the appointment, Don Morley, Chairman of the World Gold
Council, stated, "We are very pleased that Miss Fukuda has joined
the WGC at what is an important time for both the WGC and the industry.
Her background of extensive business experience makes her ideally suited
to lead the implementation of key WGC strategies and to represent its
interests throughout multiple gold market constituencies."
Morley added that, "We have recently refocused the Organisation’s
priorities. We believe those changes, and in particular the new leadership
that will be provided by Miss Fukuda, will generate the basis for increased
support from the world’s gold producers."
John Willson, the WGC’s Vice Chairman who served as the Chairman
of the Search Committee, added that, "The Committee was looking for
a proven senior executive with a wide range of business experience who
would bring a new perspective to the WGC. Both the WGC and the gold industry
can benefit from new thinking, and Miss Fukuda will bring a fresh approach
to the Council’s leadership."
Haruko Fukuda succeeds Mr. E. M. ("Chick") Hood who resigned
from the WGC late last year to pursue other business interests.
The WGC, founded in 1987, is an international association of leading
gold producers. Its primary aims are to promote gold as financial and
monetary asset and to increase demand for gold worldwide. The WGC’s
Headquarters is being relocated from Geneva to London. Regional Headquarters
are in New York, Singapore and Dubai.
Contacts:
- Don Morley, Western Mining Corporation, Australia 00 61 3
9685 6000
- John Willson, Placer Dome Limited, Canada 00 1 604 682 7082
- Keith Irons, Bankside Consultants, UK 00 44 171 220 7072
- Victor Webb, Marston Webb International, USA 00 1 212 684
6601
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