CFO Profile: Paul Schmidt | Gold Fields

Paul Schmidt | Chief Financial Officer | Gold Fields

Paul Schmidt - current CFO of Gold Fields - has more than 17 years of experience in the mining industry. His career started as a miner. Since then, he has worked his way up. In 2008 he became Acting Chief Financial Officer of Gold Fields and also served as Executive of Finance. In 2009, he proceeded to become the Finance Director of the company. Gold Fields has been the only mining company which has "put money in the bank."

Gold Fields no longer engages in labour intensive operations, since the company has housed these operations under the company Sibanye. Schmidt's biggest passion is his team. He also takes pride in his past career. "If you haven't worked at the mines, you can't be a leader in Gold Fields." For his work as CFO of Gold Fields, Schmidt had been nominated for the CFO Awards 2015.


More about Paul Schmidt:
CFOs of Gold Fields, Howden, Spar and Morvest interviewed by award ...

Nationality
: South African
CFO Since: January 2009

Career:

  • January 2009-Present: Chief Financial Officer Gold Fields Ltd,

  • May 2008- January 2009: Acting Chief Financial Officer Gold Fields Ltd

  • April 2003- May 2008: Financial Controller Gold Fields Ltd

  • 1999- April 2003 : Financial Manager Gold Fields Ltd

  • 1996-Unknown: Asst Financial Manager Gengold

  • Former: Deloitte

Education:

  • University of WitwatersrandBachelor's Degree, Commerce

  • University of South Africa Bachelor's Degree

Gold Fields Ltd
Employees: 10 167 (2013)
Listed: JSE
Sector: Minerals
Industry: Metals & Mining

Activities:
Gold Fields Limited is engaged in exploration, extraction, processing, and smelting of gold. The company holds gold reserves in South Africa, Ghana, Australia, and Peru. In Peru, the company also produces copper. The company also has an interest in a platinum group metal (and associated by-product metals) exploration project in Finland. Its South African operation is South Deep. The company also owns the Yilgarn South Assets in Australia and has a 90.0% interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. It also owns a 99.53% economic interest in the Cerro Corona mine. In addition, the company has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia, and the Americas.
As of December 31, 2013, the company had attributable proven and probable gold and copper reserves of approximately 48.6 million ounces of gold and 708 million pounds of copper. Mining Operations The company has eight producing mines located in South Africa, Ghana, Australia, and Peru.

Financial Results (Rm):

2011

2012

2013

2014

Total Revenue

Total Revenue

Total Revenue

Total Revenue

25264

28916

27901

n.a

2011

2012

2013

2104

Net Income

Net Income

Net Income

Net Income

7806

11298

6034

n.a