Sunday, April 29, 2007

Jersey, Channel Islands, 30 April 2007 (LSE:RRS)(Nasdaq:GOLD)    London and Nasdaq listed gold miner Randgold Resources has appointed Graham Shuttleworth as chief financial officer and financial director.  Shuttleworth, who will take up his new position on 1 July 2007 is currently the New York-based head of metals and mining for the Americas in the global investment banking division of HSBC.


The 38-year-old Shuttleworth, a qualified chartered accountant, was corporate finance manager of the South African Randgold & Exploration group at a time when it included eight listed gold companies, among them Randgold Resources.  He joined HSBC in 2000, where he has led or been involved in a wide range of major mining industry transactions, including Randgold Resources' Nasdaq listing, its bid for Ashanti Goldfields and its 2002 US$110 million equity offering.


""Graham has been closely associated with Randgold Resources since its inception, originally as part of the management team and subsequently as an advisor.  He brings to his new position not only an intimate understanding of the company but also a wealth of investment banking experience gained at a high level in London and New York,"" said chief executive Mark Bristow.


Shuttleworth succeeds Roger Williams who has spent 10 years with the company, the last five as CFO.  Paying tribute to the contribution Williams made at Randgold Resources, Bristow said:  ""Roger played an integral role in and served the company selflessly during its critical formative years.  While he will be missed, we sympathise with his desire to pursue an opportunity where he can devote more time to his young family in South Africa.  Roger will stay with the company until the end of July to ensure a smooth handover.""



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