PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company on Monday announced the resignation of its MD and CEO Stephen Wetherall, at the end of the month.
The company told shareholders that executive director of operations, Nick Selby, will be appointed as interim CEO and will continue in the role while an executive search is undertaken.
Wetherall will continue to work with Selby and the management team to ensure a smooth transition. Following the end of his employment, Wetherall will be engaged as an independent consultant on arm’s length commercial terms to continue to further Lucapa’s diamond marketing and downstream initiatives.
“I have thrived on the challenges put to me by the board and shareholders and have together with our valued teams worked hard to build on our vision. We have together navigated the company successfully through a difficult pandemic, repaid all the project interest-bearing debt, successfully delivered and expanded two mining operations now generating solid margins, positioned the company for growth with future production from Merlin and our kimberlite exploration program at Lulo is at an advanced and exciting phase,” Wetherall said in a statement.
“This is an appropriate time for me to take on other challenges and whilst I step aside, it is with a lot of pride, that I leave a group of exceptionally experienced and talented people to continue to advance Lucapa’s vision. I look forward to our continued association and watching them continue to deliver.”