JOHANNESBURG (miningweekly.com) – Dual-listed DiamondCorp has appointed Christopher Ellis independent nonexecutive director, effective February 1, following the retirement of Nick Allen.
Together with CEO Paul Loudon, Allen was a founding director of DiamondCorp in March 2005.
“Allen’s long association with the diamond industry and, in particular his knowledge of the downstream areas of the market have been invaluable in helping the company develop its sale conduits,” DiamondCorp said in a statement.
Currently the director of DFin, Ellis has had an investment banking career spanning over 20 years in London and the US. For the last nine years, his principal activities revolved around all financial aspects of the diamond supply chain, representing and advising industry banks, cutters and polishers, jewellery manufacturers and retailers.
He would join DiamondCorp’s audit and remuneration committees.
DiamondCorp chairperson Euan Worthington noted that Ellis’s knowledge of the downstream diamond industry and associated bankers would help replace the skills the company lost with Allen’s retirement.