Dominion Diamond Corporation Announces Appointment of New Chairman
April 13 2016 - 04:00PM
Business Wire
Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the
“Company” or “Dominion”) announces that Mr. Robert Gannicott has
retired as Chairman of Dominion Diamond Corporation and the Board
is pleased to announce that Mr. Jim Gowans has been appointed as
non-executive Chairman of the Board of Directors with immediate
effect. Mr. Gannicott will remain as a director of the Company.
Mr. Gowans was appointed to the Board of Directors of the
Company on January 13, 2016. He has extensive operational
experience in most aspects of the mining industry, including
exploration, major projects, operations and human resources as well
as extensive leadership experience both in Canada and
internationally. Mr. Gowans is currently President and Chief
Executive Officer for Arizona Mining Inc. Prior to joining Arizona,
Mr. Gowans held several senior roles with Barrick Gold Corporation
before retiring at the end of 2015. He has held leadership roles
for a number of major mining companies including, Managing Director
of the Debswana Diamond Company in Botswana and Chief Executive
Officer of DeBeers Canada Inc. where he was instrumental in
building the company’s Canadian operations. He is a former Chair of
the Mining Association of Canada (MAC), and is the Past-President
of the Canadian Institute of Mining, Metallurgy and Petroleum
(CIM).
Brendan Bell, Chief Executive Officer, commented: “On behalf of
the executive team, I welcome Jim to his role as Chairman and I
look forward to working with him. Jim’s extensive knowledge of the
global diamond industry and mining, coupled with his operating
experience of working in Canada’s North will complement the
management team as we continue to realize the full potential of
Dominion’s world-class diamond assets.”
Dan Jarvis, Lead Independent Director, commented: “I would like
to extend the Board's deep appreciation to Bob for his invaluable
leadership and tireless contribution over the past twelve years as
Chairman of Dominion. He has been instrumental in building this
Company from a junior exploration company to the world’s third
largest diamond producer and a true Canadian success story. We are
pleased that with Bob remaining on the Board, he will continue to
make a valuable contribution to the Company as it moves forward and
the Company will continue to benefit from his extensive
expertise.”
The Company is also pleased to announce that effective today,
Mr. David Smith has been appointed as Chairman of the Audit
Committee. Mr. Smith was appointed to the Board of Directors on
February 22, 2016. He is a senior financial executive with more
than 30 years of leadership experience including Chief Financial
Officer of Finning International Inc. and executive roles in such
organizations as Ballard Power Systems and Placer Dome.
About Dominion Diamond CorporationDominion Diamond
Corporation is the world’s third largest producer of rough diamonds
by value. Both of its production assets are located in the low
political risk environment of the Northwest Territories in Canada
where the Company also has its head office. The Company is well
capitalized and has a strong balance sheet.
The Company operates the Ekati Diamond Mine and also owns 40% of
the Diavik Diamond Mine. Between the two mining operations,
diamonds are currently produced from a number of separate
kimberlite pipes providing a diversity of diamond supply as well as
reduced operational risk. It supplies premium rough diamond
assortments to the global market through its sorting and selling
operations in Canada, Belgium and India.
For more information, please visit
www.ddcorp.ca
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version on businesswire.com: http://www.businesswire.com/news/home/20160413006502/en/
Dominion Diamond CorporationMr. Richard Chetwode, +44 (0)
7720-970-762Vice President, Corporate
Developmentrchetwode@ddcorp.caorMs. Kelley Stamm, (416)
205-4380Manager, Investor Relationskstamm@ddcorp.ca