– UK, London – Gemfields Group Limited (JSE: GML, LON: GEM) today announced the appointment of Mary Reilly to its Board as an independent non-executive director effect immediately.
Mary has also joined the Audit Committee.
“Mary brings deep experience and enthusiasm to Gemfields’ Board of Directors and I am pleased to welcome her at this crucial time in the Company’s history. As a serving non-executive director on the boards of FTSE 250, FTSE 350 and Nasdaq companies, and with 26 years as an audit partner at Deloitte, we are very much looking forward to working with Mary, benefitting from her international and hard-earned governance experience, and to tapping her Internet and consumer-facing expertise, especially in the luxury retail sector which plays such a pivotal role in promoting and selling precious coloured gemstones”. said Non-Executive Chairman, Martin Tolcher.
About Mary Reilly
Mary has over thirty years of international experience as a chartered accountant and non-executive director, working across a variety of sectors including luxury retail, mining, manufacturing, business services, sports, travel and media. With a particular interest in dynamic consumer-facing businesses, she is experienced at chairing boards, audit and risk committees.
About Gemfields
Gemfields is a world-leading supplier of responsibly sourced 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). Also, Gemfields 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 optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model and has played an important role in the growth of the global coloured gemstone sector.
For more information: https://www.gemfieldsgroup.com/
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