Board RestructureGulf Industrials Limited (?Gulf? or ?the...

Board Restructure
Gulf Industrials Limited (?Gulf? or ?the Company?) (ASX Code: GLF),the African focused mineral
producer and developeris pleased to announce the appointment of Mr. Jonathan Best and Mr.
Robert Jurd as Non‐Executive Directors to the Board.
Appointment of Mr. Jonathan Best (ACIMA, ACIS, MBA)
Mr. Best has extensive experience in senior management, leadership and business strategy in the
mining industry, including the Anglo American and De Beers groups. Amongst other senior
management positions, he served as the executive director and Chief Financial Officer for AngloGold
Ashanti from 1998 to 2005. He currently has a number of Independent Non‐Executive Directorships,
including AngloGold Ashanti Holdings Plc and JSC Polymetal.
Mr. Best will chair Gulf?s audit committee.
Appointment of Mr. Robert Jurd (PrEng, BSc Eng (Mining), MComm)
Mr. Jurd is experienced in all facets of the mining industry from operations to corporate finance. He
served as an executive for TransNatal Coal Corporation, Goldfields, Gencor (which merged into BHP
Billiton), as well as Head of Resources ? Investment Banking Division at ABSA Corporate and
Merchant Bank for 9 years.
In his new role at Gulf, Mr. Jurd will serve on the audit committee.
?We welcome both Jonathan Best and Robert Jurd to the board? said the Chairman, Sir Sam Jonah.
?These two new appointments will add significant strength in corporate governance, management
and mining experience to the Board of Gulf and are a welcome addition for executing our Company?s
future growth strategy.?
As part of the board changes, Gulf also announces that Mr. Scott Reid would stand down as director
with immediate effect.
Sir Sam Jonah continued, ?I wish to express the entire Boards? appreciation for the truly substantial
contribution Scott made to the development of Gulf. We all wish him the very best for the future.?
Mr. Reid will continue to be available as a consultant to the Company.