XML 448 R99.htm IDEA: XBRL DOCUMENT v3.25.1
Related Parties (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of transactions between related parties [abstract]  
Summary of remuneration to related parties The following table summarises the remuneration for NEDs for the years ended 31 December 2024 and 2023:
Directors
Fees
US$’000
Board fees
Committee
Fees
US$’000
Total
US$’000
Y Suleman1
232.0
232.0
P Bacchus2
91.4
90.6
182.0
S Reid3
151.0
151.0
T Goodlace
81.2
52.6
133.8
A Andani4
91.4
81.0
172.4
P Sibiya5
81.2
63.3
144.5
J McGill
91.4
72.3
163.7
C Bitar
91.4
52.0
143.4
C Smit
81.2
52.9
134.1
Z Bassa6
37.7
10.3
48.0
S McCrae7
37.7
4.3
42.0
Total - 2024
1,067.6
479.3
1,546.9
Y Suleman1
197.5
197.5
P Bacchus2
89.3
66.8
156.1
S Reid3
128.6
128.6
T Goodlace
64.8
44.1
108.9
A Andani4
89.3
65.1
154.4
P Sibiya5
64.8
53.2
118.0
J McGill8
89.3
72.0
161.3
C Bitar9
89.3
52.1
141.4
C Smit10
38.8
8.8
47.6
Total - 2023
851.7
362.1
1,213.8
1Y Suleman receives an all-inclusive fee as Chairperson of the Board.
2P Bacchus remunerated as Chair of the Strategy and Investment Committee from 1 June 2024 (2023: Received a delta payment in March 2023 for ad hoc Investment
Committee fees paid between June 2022 and December 2022 as Chairperson of the Committee, as reflected in the 2022 single figure of remuneration for 2022.
Attended ad hoc Investment Committee meeting held on 21 February 2023 and remunerated in March 2023, which is reflected in the single figure of remuneration
for 2023).
3S Reid is the Lead Independent Director and receives an all-inclusive fee. S Reid is a director of various subsidiaries in the Netherlands and Isle of Man. Fees are paid by
Gold Fields Netherlands Services and Gold Field Orogen Holding (BVI) Limited, respectively.
4A Andani is a director of subsidiaries Gold Fields Ghana Limited and Abosso Goldfields Limited. The fees for these subsidiary boards are not determined by Gold Fields.
Appointed as member of the Strategy and Investment Committee from 1 June 2024 (2023: Attended ad hoc Investment Committee meeting held on 21 February 2023
and remunerated in March 2023. Recovery of additional payment made in January 2023 also processed during March 2023). 
5P Sibiya was appointed as a member of the Strategy and Investment Committee, effective 1 December 2024 (2023: Attended an ad hoc Investment Committee meeting
held on 21 February 2023. She was remunerated in March 2023 and recovery of additional payment made in January 2023 was also processed during March 2023).
6Z Bassa was appointed as a Non-Executive Director of the Board and a member of the Audit Committee, effective 2 August 2024. She was also appointed as member of
the Risk, Remuneration and Strategy and Investment Committees, effective 1 December 2024. Fees are pro-rata from effective date.
7S McCrae was appointed as a Non-Executive Director of the Board and a member of the Audit Committee, effective 2 August 2024. She was also appointed as member
of the Capital Projects Control and Review, Social, Ethics and Transformation, Safety, Health and Sustainable Development and Strategy and Investment Committees,
effective 1 December 2024. Fees are pro-rata from effective date.
8J McGill was appointed to the Nominating and Governance Committee effective 22 February 2023. She received a pro-rata payment in March 2023 for this
appointment, which is included in the single figure of remuneration for 2023.
9C Bitar was appointed to the Remuneration Committee effective 22 February 2023. She received a pro-rata payment in March 2023 for this appointment, which is
included in the single figure of remuneration for 2023.
10C Smit was appointed as a director of the Board and a member of the Audit Committee on 1 June 2023. He was also appointed to the Risk; Capital Projects, Control and
Review; and Strategy and Investment (previously ad hoc Investment) Committees on 1 December 2023.
The following table summarises the remuneration for Executive Directors and prescribed officers:
Salary1
US$'000
Pension fund
contribution
US$'000
Cash
incentive2
US$'000
Other3
US$'000
Share-based
payment
expense4
US$'000
Total
US$'000
2024
Executive directors
M Fraser5
943.1
26.8
335.4
401.9
1,707.2
P Schmidt6
311.5
25.4
113.2
23.4
(180.8)
292.7
1,254.6
52.2
448.6
23.4
221.1
1,999.9
Prescribed officers
A Dall7
117.1
17.5
61.4
28.7
224.7
M Preece8
628.1
30.7
202.3
0.9
561.2
1,423.2
B Mokoatle
297.5
80.5
112.3
0.5
166.6
657.4
L Rivera9
839.6
202.4
520.5
415.6
1,978.1
N Chohan10
218.2
33.6
77.6
64.2
(35.0)
358.6
S Mathews11
104.2
6.0
46.2
30.0
(241.5)
(55.1)
R Bardien12
23.2
3.2
388.9
(211.4)
203.9
J Mortoti13
360.7
55.9
1,113.7
(152.0)
1,378.3
K Carter
497.9
26.2
139.1
8.3
277.5
949.0
J Magagula
293.0
50.7
105.5
224.2
673.4
M Steyn14
305.1
15.6
72.6
442.6
89.8
925.7
C Gratias15
134.3
6.5
47.2
598.0
786.0
G Lotz16
205.0
36.1
73.0
58.0
53.6
425.7
J Ricciardone17
221.8
17.2
102.0
31.0
372.0
F Swanepoel
535.1
26.2
151.1
42.0
185.1
939.5
4,780.8
608.3
1,190.3
3,327.3
1,333.7
11,240.4
Total - 2024
6,035.4
660.5
1,638.9
3,350.7
1,554.8
13,240.3
1The total US$ amounts paid for 2024 and included in salary were as follows: M Fraser US$312,000, C Gratias US$46,746 and P Schmidt US$74,067.
2The annual bonuses for the year ended 31 December 2024 were paid in February/March 2025.
3Other payments include business related reimbursements, leave encashment, long-service awards, acting allowances, sign-on bonuses, termination payments where
applicable and any legislated payments.
4The share-based payment expense is calculated in terms of IFRS Accounting Standards and is not the cash amounts paid.
5M Fraser was appointed as Chief Executive Officer effective 1 January 2024.
6P Schmidt retired at 30 June 2024. His cash incentive and share-based payment expense are pro-rated up to the date of retirement.
7A Dall stepped into the interim CFO position on 1 May 2024 and received an acting allowance of 20% of total fixed remuneration for the 2024 reporting period reflected
under “Other”.
8M Preece was appointed as Chief Operating Officer effective 15 March 2024.
9Other payments for 2024 include advance payment of portion of estimated Peru Utilidades.
10N Chohan retired at 31 August 2024. His cash incentive and share-based payment expense are pro-rated up to the date of retirement.
11S Mathews retired at 31 March 2024. His cash incentive and share-based payment expense are pro-rated up to the date of retirement.
12R Bardien exited at 31 January 2024 through mutual separation. Other payments include accrued annual leave, payment in lieu of six months notice and pro-rated bonus
for the 2023 financial year.
13J Mortoti exited at 30 June 2024 due to redundancy. Other payments include accrued annual leave, payment in lieu of six months notice and a redundancy payment in
line with Ghana legislation.
14M Steyn was appointed as EVP Sustainability effective 1 June 2024. Other payments include a sign-on payment of A$1.2 million paid over three annual instalments.
15C Gratias was appointed as EVP Strategy and Corporate Development effective 1 August 2024. Other payments include a relocation and sign-on payment of
R7.4 million, as well as reimbursements for personal expenditure associated with relocation and immigration requirements. Upon appointment, he acquired and
committed 20,000 Gold Fields American Depository Receipts and met his required MSR target of 100% of annual salary.
16  G Lotz stepped into the Acting EVP People and Organisational Effectiveness position on 13 October 2023. He received an acting allowance of 20% of total fixed
    remuneration for a portion of the 2023 reporting year and the 2024 reporting period which is reflected under “Other”.
17  J Ricciardone stepped into the Acting EVP Strategy, Planning and Corporate Development position on 1 April 2023. He received an acting allowance of 15% of total fixed
    remuneration for a portion of the 2023 reporting year and the 2024 reporting period which is reflected under “Other”.
Salary1
US$'000
Pension fund
contribution
US$'000
Cash
incentive2
US$'000
Other3
US$'000
Share-based
payment
expense4
US$'000
Total
US$'000
2023
Executive directors
M Preece5
594.3
29.0
177.3
2.1
1,108.2
1,910.9
P Schmidt
591.7
48.1
177.9
2.4
1,422.0
2,242.1
1,186.0
77.1
355.2
4.5
2,530.2
4,153.0
Prescribed officers
B Mokoatle6
167.8
40.8
98.1
0.9
156.6
464.2
L Rivera7
816.1
220.0
790.7
1,077.1
2,903.9
N Chohan
309.7
45.8
94.7
4.3
740.5
1,195.0
B Mattison8
111.8
7.0
450.4
(397.6)
171.6
T Leishman9
85.4
7.7
355.7
(321.1)
127.7
A Nagaser10
115.1
14.1
255.7
(173.0)
211.9
S Mathews
635.7
18.2
221.3
1,009.6
1,884.8
R Bardien
276.0
35.9
203.6
0.2
655.0
1,170.7
J Mortoti11
696.2
127.1
308.6
84.3
477.5
1,693.7
K Carter12
371.9
15.2
126.9
5.1
302.8
821.9
J Magagula13
84.8
14.8
26.2
290.0
415.8
G Lotz14
48.1
8.5
57.0
0.1
111.2
224.9
J Ricciardone15
242.4
19.0
57.2
33.8
352.4
F Swanepoel16
278.6
1.1
131.7
19.4
430.8
4,239.6
575.2
1,325.3
2,290.6
3,638.6
12,069.3
Total - 2023
5,425.6
652.3
1,680.5
2,295.1
6,168.8
16,222.3
1The total US$ amounts paid for 2023 and included in salary were as follows: P Schmidt US$142,750 and B Mattison US$26,367.
2The annual bonuses for the year ended 31 December 2023 were paid in February/March 2024.
3Other payments include business related reimbursements and incidental payments unless otherwise stated.
4The share-based payment expense is calculated in terms of IFRS Accounting Standards and is not the cash amounts paid.
5M Preece was EVP for the South Africa region until 31 December 2022 and took over as interim CEO on 1 January 2023.
6B Mokoatle was appointed as EVP South Africa effective 1 June 2023.
7Other payments for 2023 include advance payment of portion of estimated Peru Utilidades.
8B Mattison resigned as at 6 April 2023. “Other” includes payment for Confidentiality Non-Compete and Intellectual Property ("CNCIP"), sundry reimbursements and leave
payout.
9T Leishman resigned as at 6 April 2023. “Other” includes payment for CNCIP, sundry reimbursements and leave payout.
10A Nagaser resigned as at 30 June 2023. “Other” includes payment for CNCIP, sundry reimbursements and leave payout.
11J Mortoti was appointed on 1 July 2022.
12K Carter was appointed as EVP Group Legal and Compliance effective 1 March 2023. Values are included from this appointment date.
13J Magagula was appointed as EVP Investor Relations effective 1 August 2023. Values are included from this appointment date. “Other” payments include a sign-on
bonus received during her first month of employment with a service obligation agreement of 36 months.
14  G Lotz stepped into the Acting EVP People and Organisational Effectiveness position on 13 October 2023. The 2023 comparatives for G Lotz have been presented to 
    facilitate comparability.
15  J Ricciardone stepped into the Acting EVP Strategy, Planning and Corporate Development position on 1 April 2023. The 2023 comparatives for J Ricciardone have been
    presented to facilitate comparability.
16F Swanepoel was appointed as Chief Technical Officer effective 1 June 2023. Values are included from this appointment date. “Other” payments include education
scholarship for children.