Campbell resigns as Rockwell CEO; Menell also to step down
JOHANNESBURG (miningweekly.com) – James Campbell has resigned as CEO of TSX- and JSE-listed Rockwell Diamonds and will hand over the reins to newly appointed executive officer Tjaart Willemse following a structured transfer by the end of November.
Campbell will remain a director of the company, while Willemse will assume responsibility for the day-to-day operations and plant completion, reporting to Rockwell’s chairperson Dr Mark Bristow.
Further, Rockwell is accommodating the exit of nonexecutive directors Stephen Dietrich, for personal health reasons, and Rick Menell, for reasons relating to his demanding schedule, in what the company said was an unrelated development.
Richard Mhlontlo, representing Rockwell’s black economic empowerment shareholder, will replace the duo.
Meanwhile, Willemse will work with the board to continue the review of the company’s management structures and operating plans going forward.
A strategic review took place by way of special board committee on August 28 to evaluate the previously implemented strategies and Rockwell’s position in the diamond market.
A management review was also conducted following the recent exit of two senior managers.
“The board determined that further intervention on operations and plant completion was necessary, while new opportunities are being assessed,” the company said in an update to shareholders.
The company explained that, while the first phase of the wet plant at Wouterspan was substantially complete, and diamond grades were in line with expectations, the review determined that the latest acquisition Remhoogte was below plan and the construction of the new Wouterspan plant was behind schedule and above budget.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation