LEADERSHIP

Petra Diamonds makes board changes

Petra Diamonds (LN:PDL) has made board changes in line with its three-year succession plan as it transitions from a capital intensive expansion phase to steady-state production and cash generation.

Staff reporter
Petra technical director Jim Davidson will retire at the end of June

Petra technical director Jim Davidson will retire at the end of June

It has appointed CFO Jacques Breytenbach to the board as executive finance director with immediate effect, while also getting ready to say goodbye to retiring technical director Jim Davidson at the end of June.

Davidson has been an executive director since 2005 and will continue to be available to provide advisory services after he departs.

Breytenbach joined Petra in 2006 as finance manager of operations from Anglo Platinum (SJ:AMS), where he held various roles.

Petra anticipates further changes during 2018 as its nomination committee continues to evaluate its board and senior management structures and improves its diversity.

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