Gem Diamonds Limited Directorate Change (9845W)
29 April 2021 - 4:00PM
UK Regulatory
TIDMGEMD
RNS Number : 9845W
Gem Diamonds Limited
29 April 2021
29 April 2021
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Johnny Velloza steps off Gem Diamonds' Board and assumes key
consulting oversight role and Rosalind Kainyah MBE joins the Board
as an Independent Non-Executive Director
Gem Diamonds (LSE: GEMD) announces that in order to meet UK
corporate governance independence expectations, the Company
announces that one of its non-executive directors, Johnny Velloza
(previously deputy CEO) will be stepping down from the Board with
effect from 1 May 2021 and will be assuming an important technical
consulting role in the Company.
The Board is grateful to Johnny for the invaluable service he
has given to the Company over 5 years both as COO and then deputy
CEO and lately as a non-executive director. We are therefore
delighted that Johnny has agreed to continue to work with the
Company as a technical advisory consultant where his knowledge and
experience will continue to be applied to all operational aspects
of the business.
Following an extensive search process, the Company announces
that Rosalind Kainyah MBE will be joining the Board as an
independent non-executive director from 1 May 2021.
Ms Kainyah is the founder and Managing Director of Kina Advisory
Limited, a trusted advisor to Boards and Senior Executives of
global companies on Sustainability and responsible business
investment and partnerships in emerging markets. She trained as a
lawyer and is a member of the Bar of England and Wales and of the
Chartered Institute of Arbitrators. Rosalind has almost 30 years of
combined international, senior management, executive and board
level experience. She has worked with companies and organisations
including Linklaters, Anglo American Corporation of South Africa,
De Beers, Tullow Oil plc, the United Nations Environment Programme
and ERM, and on projects across Africa, in the UK, Europe, North
& South America, Asia, and the South Pacific. As a result, she
has a wide network and is respected across a range of stakeholders
from governments and corporates through civil society organisations
and media for her professional expertise and as a woman of
integrity and credibility .
Harry Kenyon-Slaney, Chairman of Gem Diamonds, commented
"On behalf of the Board I would like to thank Johnny for his
significant contribution and commitment to Gem Diamonds over the
last 5 years. The Company has benefitted from his business acumen,
his deep technical expertise and his wide international experience
and we are pleased that he will remain involved. We are delighted
to welcome Rosalind Kainyah to the Board of Gem Diamonds and are
confident that her independence, experience, notably within the
diamond industry, and skills will be a strong asset to the
Board."
Ms Kainyah is currently a Non-Executive Director of CAL Bank
Limited, Ghana; Board member of Results for Development (R4D); Vice
Chairperson of the Africa Gifted Foundation ; and Founding
President of the Ghana chapter of International Women's Forum.
No other information in connection with Ms R Kainyah'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.
T he Gem Diamonds Limited LEI number is
213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Ollie Mills
Tel: +44 (0) 20 84342643
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. 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. www.gemdiamonds.com
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