5th May 2009 07:00
Gemfields plcAppointment of Adrian Banks5 May 2009
Gemfields plc ("Gemfields" or "the Company", AIM: "GEM") is delighted to announce the appointment of Adrian Banks as Product Director with immediate effect.
Mr Banks will be responsible for managing Gemfields' entire rough materials supply-chain, which will include grading, quality assurance, trading and sales systems. He will assume responsibility as the key customer interface for rough gemstone trading and sales immediately. Mr Banks will be reporting directly to the Board of Gemfields.
Mr. Banks is a veteran of the coloured gemstone industry having spent a decade with Tanzanite One (and its predecessor companies). He is well known and respected throughout the gemstone industry and has dealt widely with traders, dealers, governing bodies and retailers. He has particular expertise in the equipping and securing of sorting and grading infrastructure and was instrumental in Tanzanite One's sightholder system. His last position at Tanzanite One was that of managing director of its rough trading business, a vital market participation component and a core profit contributor. His experience will be a key pillar in Gemfields' strategy of bringing to the market high-end cut and polished colour gemstones.
Ian Harebottle, Gemfields CEO said: "Gemfields is delighted to have recruited one of the most highly regarded executives in the coloured gemstone sector. His abilities and work ethic are in a league of their own. I look forward immensely to working with him over the coming years as we strive to achieve Gemfields' vision of becoming the world's leading premium coloured gemstone company."
Enquiries:
Gemfields
Richard James, CFO [email protected]
+44 (0)20 7016 9416
Canaccord Adams Limited
Mike Jones/Tarica Mpinga +44 (0)20 7050 6500
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