World Gold Council's new chairman seeks 'lasting prominence' for gold


World Gold Council Press Release
Thursday, December 10, 2009

LONDON -- The World Gold Council has announced the appointment of Ian Telfer as its new Chairman.

Mr Telfer is chairman of the Canadian gold producer Goldcorp Inc. and succeeds Greg Wilkins, vice chairman of Barrick Gold Corp., who steps down from the board of the council.

Commenting on his appointment, Mr Telfer said: "I am taking on a great role at a time when gold has never been more relevant and important to so many people. It is a great privilege to be able to work with WGC to deliver a new and lasting prominence for gold.

"As we move into a new financial era, we believe that gold will play a central role in the investment portfolios of those seeking to preserve wealth and mitigate risk and that central banks will continue to diversify their foreign exchange exposure in favour of gold. I look forward to building on the great work that my predecessor Greg Wilkins has led."

Wilkins was elected chairman of World Gold Council in March 2008 and was key to the expansion and ongoing success of the gold exchange-traded fund programme.

Telfer was elected chairman of Goldcorp in 2006 having been president and CEO of Goldcorp and its predecessor company Wheaton River Minerals. Mr Telfer is a member of the Canadian Institute of Chartered Accountants and holds a BA from the University of Toronto and an MBA from the University of Ottawa.

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