– UK, London – Gemfields Group Limited (LON: GEM / JSE: GML) announced the appointments of Bruce Cleaver as Chair and Independent Non-Executive Director, Simon Scott as Independent Non-Executive Director, and Kieran Daly as Non-Executive Director, effective on 1 July 2024.
Concurrently, Kwape Mmela will become the Lead Independent Non-Executive Director with effect from 1 July 2024.
Bruce Cleaver will join the Nomination Committee as Chair, while Simon Scott will serve on the Audit Committee and the Nomination Committee and will also Chair the Risk Council.
The company also announced the resignations of Martin Tolcher, Lumkile Mondi, and Carel Malan from the Board.
About Bruce Cleaver
Bruce’s reputation as a preeminent leader is well documented and he brings considerable experience in mining gemstones in Africa and marketing them internationally. Bruce was previously Chief Executive Officer and Co-Chair of De Beers Group, the world’s leading diamond company.
Martin Tolcher, the outgoing Chair, commented: “After 15 years as a member of Gemfields’ Board and approaching 5 years as Chair, the time has come for me to step away from the Company to bolster Board independence. I am truly delighted to have such a remarkable successor in Bruce and am confident that Gemfields will go from strength to strength under his stewardship.”
Bruce Cleaver said: “I am excited and enthused to take on the role of Chair of Gemfields’ Board and look forward to working with Sean, David and the Gemfields team as we prepare the Company for its next stage of growth, including by way of the construction of a new processing plant – tripling throughput capacity – at the world’s leading ruby mine, MRM, and which is on schedule for completion during the first half of 2025.”
About Simon Scott
Simon has had an illustrious career with extensive experience on public company boards in both executive and non-executive roles during a long career in mining and finance. Simon was previously Chief Financial Officer of Lonmin plc, theLSE-listedd platinum mine,r and is a non-executive director of First Quantum Minerals Ltd and Sylvania Platinum Ltd.
About Kieran Daly
Kieran Daly is currently an alternate director to Patrick Sacco on the Gemfields Board.
Kieran is Managing Director of Assore International Holdings (which holds a 29.2% holding in Gemfields Group Limited and therefore he is not deemed independent) and, Executive: Growth & Strategic Development at Assore Holdings. Kieran has significant experience in mining across various geographies and commodities and holds board-level roles in other mining companies including at Atlantic Lithium Ltd.
About Gemfields
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia, and Madagascar.
Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimize positioning, perception, and consumer awareness of colored gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of colored gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global colored gemstone sector.
For more: https://www.gemfieldsgroup.com/
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