The World Gold Council (WGC) has appointed Randall Oliphant, formerly New Gold’s executive chairman as its new chairman, succeeding Ian Telfer.
Most recently, Oliphant served as an executive chairman of the Canadian gold producer New Gold Inc. He has worked in the industry for almost 30 years, and serves on the boards of a number of public and private companies and not-for-profit organizations.
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WGC is the market development organization for the gold industry, which has 23 members, including gold mining companies.
The initiatives lead by the World Gold Council includes the publication of the Conflict-Free Gold Standard and the guidance notes on All-In Costs.
Aram Shishmanian, CEO of World Gold Council, said: "Gold has been central to the preservation of global wealth in recent years, and as the west rebuilds following the financial crisis and the emerging economies of the world grow, gold will continue to play a central role in protecting the wealth and mitigating the financial risk of both nations and individuals."
Oliphant said:"From investments and capital markets, to the rise of the eastern consumer, gold is at the heart of many societies as they seek to store and protect their wealth. The World Gold Council has been in the vanguard of developing innovative uses for gold, and it is a privilege to accept this role."
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