Firestone Diamonds PLC Appointment of CEO (8890N)
May 14 2018 - 1:00AM
UK Regulatory
TIDMFDI
RNS Number : 8890N
Firestone Diamonds PLC
14 May 2018
14 May 2018
Firestone Diamonds plc
("Firestone", the "Group" or the "Company")
Appointment of Paul Bosma as CEO
Firestone Diamonds plc (AIM: FDI), a new diamond producer with
operations focused in Lesotho, is pleased to announce Paul Bosma's
appointment as the new Chief Executive Officer with effect from 1
July 2018. Paul's promotion follows Stuart Brown's decision to step
down as Chief Executive Officer and Director of the Company.
Paul Bosma has more than 24 years' experience in the mining
industry, of which 14 years have been in the diamond sector where
he worked for De Beers. Paul joined Firestone in 2014 as the
Mineral Resources Manager on the project team and in 2016 became
General Manager of Liqhobong mine. Paul's responsibilities to date
have included managing and implementing the commissioning and ramp
up to commercial production of the Liqhobong mine, day to day
managing of site operations as well as producing the recently
approved revised mine plan. Prior to joining Firestone, Paul was
General Manager of a joint venture between De Beers and Anglo Gold
Ashanti. Paul previously worked as a vice president for Pala
Investments, an international mining investment fund based in
Switzerland. Paul is a qualified geologist and holds BSc (Honours)
and MSc degrees as well as an MBA from the University of Cape
Town's Graduate School of Business.
Stuart Brown's last day as Chief Executive Officer and Director
of the Company will be 30 June 2018.
Lucio Genovese, Non-Executive Chairman, said: "We are pleased to
announce Paul Bosma as the new CEO. The Board, in its succession
planning, has been impressed with Paul's role as General Manager of
Liqhobong, while his significant experience in the diamond sector
as well as a deep understanding of capital markets make him the
ideal candidate to become the new CEO.
"On behalf of the Board, I would like to thank Stuart for his
leadership. Stuart joined just under five years ago, with the
mandate to lead the financing and construction which subsequently
put Firestone into the elite group of producing diamond companies.
We wish him every success for the future."
Stuart Brown, outgoing CEO, commented, "It has been a privilege
to work with such a talented group of people at Firestone and I
have no doubt the Company will continue to grow and be a successful
diamond producer.
"With the operations now at steady state production and the team
carrying out a recently signed-off, optimised mine plan, I feel
confident that Firestone is well placed to realise its full
potential under Paul's leadership. Paul knows the Liqhobong mine
better than anyone and has been instrumental in delivering the mine
performance within budget, and continuing Firestone's remarkable
zero lost time injury record since project commencement in July
2014. Paul has proven he is more than capable of taking this
project forward and I wish him every success."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
For more information please visit www.firestonediamonds.com or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Stuart Brown
Macquarie Capital (Europe) Limited (Nomad +44 (0)20 3037
and Broker) 2000
Nick Stamp
Nicholas Harland
Guy de Freitas
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Simon Hudson
Jos Simson
Gareth Tredway
About Firestone
Firestone is an international diamond mining company with
operations focused in Lesotho. Firestone commenced commercial
production in July 2017 at the Liqhobong Diamond Mine in Lesotho.
Lesotho is emerging as one of Africa's significant new diamond
producers, hosting Gem Diamonds' Letšeng Mine, Firestone's
Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae
Mine.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOABLGDUDGBBGIX
(END) Dow Jones Newswires
May 14, 2018 02:00 ET (06:00 GMT)
Firestone Diamonds (LSE:FDI)
Historical Stock Chart
From Apr 2024 to May 2024
Firestone Diamonds (LSE:FDI)
Historical Stock Chart
From May 2023 to May 2024