https://www.miningweekly.com
Diamonds
Diamonds
diamonds

Pouroulis to remain Petra chairperson

20th March 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Petra Diamonds’ board has decided that its chairperson Adonis Pouroulis should remain in his position for now.

Following a November meeting with shareholders, during which 22.12% of shareholders voted against his re-election as chairperson, the board and nomination committee considered the concerns raised by shareholders.

However, Petra on Wednesday said it does not consider the appointment of a new chairperson appropriate at this time, given the need to ensure the continuity and stability of the company’s leadership and management.

Petra’s board pointed out that the company had appointed Richard Duffy as the new CEO with effect from April 1, as well as two new independent nonexecutive directors, Bernard Pryor and Varda Shine, effective January 1.

The nomination committee also expects to make further changes to the composition of the board during this calendar year.

The board also reaffirmed its assessment that Pouroulis continues to demonstrate the independence of thought to meet the challenges of this role, notwithstanding the number of years he has served as a director.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 2 hours 29 minutes ago By: Martin Creamer

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.108s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: