World Gold Council Appoints CEO

March 1, 1999

World Gold Council Appoints CEO

The World Gold Council last week appointed Haruko Fukuda CEO and director, effective March 22. She replaces E.M. "Chick" Hood, who resigned in late 1998 to pursue other business interests.

Fukuda is presently senior advisor to Lazard Brothers & Co. Ltd. in London, England, and a director of Foreign & Colonial Investment Trust PLC and other companies. She was formerly a member of the council of the Nikko Research Center of Japan, vice chairman of Nikko Europe PLC and a partner of James Capel & Co. She is the author of several books on international trade policy.

"We have recently refocused [World Gold Council's] priorities," said WGC Chairman Don Morley in a release. "We believe those changes, and in particular the new leadership that will be provided by Miss Fukuda, will generate the basis for increased support from the world's gold producers." Fukuda will be based at WGC's new London headquarters, which is moving from Geneva, Switzerland.

- by Stacey King