Gem Diamonds Limited Appointment of Chairman (5432C)
April 18 2017 - 02:00AM
UK Regulatory
TIDMGEMD
RNS Number : 5432C
Gem Diamonds Limited
18 April 2017
18 April 2017
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Appointment of Chairman
Gem Diamonds (LSE: GEMD) is pleased to announce the appointment
of Mr Harry Kenyon-Slaney as an independent Non-Executive Director
and Chairman of the Company to succeed Mr Roger Davis who will be
stepping down at the Annual General Meeting. Mr Kenyon-Slaney's
appointment will take effect after the Annual General Meeting of
the Company being held on 6 June 2017.
Mr Kenyon -Slaney is currently a senior advisor to McKinsey
& Co and has over 33 years of experience in the mining
industry, principally with Rio Tinto. He is a geologist by training
and his experience spans operations, marketing, projects, finance
and business development and he has worked in South Africa,
Australia and the UK. Mr Kenyon-Slaney is also a Partner at Audley
Capital Advisors LLP a member of the board of directors of Bridon
Bekaert Ropes Group, and a non-executive director of several
private companies. Mr Kenyon-Slaney has a degree in geology from
Southampton University and has completed the International
Executive Programme at INSEAD, France.
Until 2015, Mr Kenyon-Slaney was a member of the Group Executive
committee of Rio Tinto where he held the roles of CEO of Energy,
and before that CEO of Diamonds and Minerals. Prior to this, he
variously led Rio Tinto's global titanium dioxide business, was CEO
of Rio Tinto's listed subsidiary, Energy Resources of Australia
Ltd, was GM Operations at Palabora Mining Company in South Africa
and held senior marketing roles in copper, uranium and industrial
minerals. He began his career as an underground geologist with
Anglo American on the gold mines in South Africa.
Mr Kenyon-Slaney's expertise includes full P&L leadership of
large and complex global mining and processing businesses ,
extensive Board level interaction and contribution to Group
strategy during challenging markets, leadership of multiple
transformation and turnaround programmes, regular engagement with
institutional investors, major customers and government
stakeholders, and Group accountability for India and various
countries in Southern Africa, including South Africa.
Chairman Roger Davis commented: "I am delighted to be handing
the chairmanship on to Harry Kenyon-Slaney whose experience,
knowledge and contacts in the diamond mining world are perfectly
suited to lead Gem Diamonds forward to what I am sure will be an
exciting future. It has been a great privilege to be Chairman of
Gem Diamonds and I wish him and the whole company every success in
the future."
Mike Salamon, Senior Independent Director of Gem Diamonds, said:
"The Board and management are very grateful to Roger Davis for his
guidance and leadership as Gem Diamonds' Chairman, and we wish him
all the best for the future. We are confident that Harry
Kenyon-Slaney will be a great asset to the Group given his
background and experience."
No other information in connection with Mr Kenyon-Slaney's
appointment is required to be disclosed pursuant to LR 9.6.13R
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
This announcement has been released by Gem Diamonds Investor
Relations.
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds Limited
Susan Wallace
ir@gemdiamonds.com
Celicourt Communications
Joanna Boon/Mark Antelme
+44 (0) 207 520 9261
ABOUT GEM DIAMONDS:
Gem Diamonds is a leading global diamond producer of high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho and
100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous
for the production of large, top colour, exceptional white
diamonds, making it the highest dollar per carat kimberlite diamond
mine in the world. Since Gem Diamonds' acquisition of Letšeng in
2006, the mine has produced four of the 20 largest white gem
quality diamonds ever recorded. The Ghaghoo mine in Botswana has
been placed on care and maintenance until market conditions allow
for recommencement of production. www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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