JERSEY, St. Helier—Petra Diamonds Limited (LON: PDL) announced the appointment of current Non-Executive Director José Manuel Vargas as Chair of the Board of Directors, effective at the AGM on 13 November 2024, succeeding Varda Shine, who will retire from the Board after that meeting.
José Manuel will also become Chair of the Investment Committee, while Bernard Pryor will serve as Chair of the Nomination Committee.
About José Manuel Vargas
José Manuel Vargas is Chair of MAXAM, a leading explosives manufacturer, on the board of Fluidra S.A. and ASK Chemicals, and is a Managing Director of Rhône Capital. He has extensive executive and board experience across various sectors. From 2020 until January 2024, he was Chair and CEO of MAXAM and was previously Chair and CEO of Aena SME S.A., where he led its restructuring, partial privatization, and IPO in 2015. Before Aena, José Manuel Vargas held senior management positions at Vocento S.A., including CFO and later CEO. He also served as CFO and General Secretary of JOTSA and has been on the boards of several other companies, including Vocento, Diario ABC, and Wellbore Integrity Solutions LLC.
José Manuel Vargas is a significant shareholder of Petra, currently holding c. 11.39% of the Company’s issued share capital.
About Petra Diamonds
Petra Diamonds is a leading independent diamond mining group and a supplier of gem-quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan Mine and Finsch) and one open pit mine in Tanzania (Williamson).
Petra’s strategy is to focus on value rather than volume production by optimizing recoveries from its high-quality asset base to maximize its efficiency and profitability. The Group has a significant resource base that supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest ethical standards and only operates in countries that are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners, and communities.
For more: https://www.petradiamonds.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.