14th May 2018 10:08
LONDON (Alliance News) - Firestone Diamonds PLC on Monday said it has promoted Paul Bosma to the post of chief executive, following Stuart Brown's decision to step down.
The Lesotho-focused firm said Bosma has been the managing the Liqhobong mine in the country, having joined the company in 2014 as mineral resources manager.
Before that, he worked for mining investor Pala Investments as well as De Beers.
Current Chief Executive Brown, Firestone said, will leave the company at the end of June.
Non-Executive Chairman Lucio Genovese 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."
Firestone shares were down 2.3% on Monday at a price of 6.40 pence each.
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