Firestone Diamonds PLC Board Changes (9258N)
November 01 2016 - 3:05AM
UK Regulatory
TIDMFDI
RNS Number : 9258N
Firestone Diamonds PLC
01 November 2016
1 November 2016
Firestone Diamonds plc
("Firestone", the "Group" or the "Company") (AIM: FDI)
Board Changes
Firestone Diamonds plc, the AIM-quoted diamond mining company
announces the following changes to its Board of Director's (the
"Board") effective today.
The Board is pleased to announce the appointment of Ms. Deborah
Thomas as an independent Non-executive Director with immediate
effect. Debbie will chair the Audit Committee.
Debbie retired as a partner from Deloitte in May 2016 after a
career spanning 22 years, during which time she has gained
extensive experience advising some of the world's leading mining
companies. Her experience includes working in the UK and African
practices of Deloitte where she was Head of the Metals & Mining
Team and latterly Head of the Africa Services Group. She was also
on the board of the Deloitte UK Global Markets group.
At Deloitte, Debbie was the lead client service partner for De
Beers UK and De Beers Diamond Jewellers (a UK private JV between De
Beers and LVMH) for 10 years and was also involved with many other
metals and mining companies in a delivery and advisory role,
including but not limited to: Anglo American, BHP Billiton, De
Beers and Rio Tinto. Debbie was also the founder of the Diamond
Assurances team at Deloitte in response to the diamond industry
Kimberley Process Initiative. In her Africa role she was
instrumental in facilitating UK/Africa reciprocal investment and
was a lead facilitator in the Deloitte CFO Transition program, and
continues to coach candidates at the Deloitte University in
Brussels. A keen developer of people, she founded the first foreign
training office for South African Institute of Chartered
Accountants ("SAICA"), based in London, which now trains over 100
South African chartered accountants annually.
She holds a number of Board positions including being a Director
of SAICA and Chairs SAICA's UK committee and is a member of the
Advisory Board to the South African Chamber of Commerce and
Education Africa. She was a member of the UKTI Sub-Saharan African
Taskforce and the Africa Advisory Board of CityUK. Debbie has been
voted one of the top 100 Most influential South Africans in London
and one of the top 100 women in mining globally and is currently
the Chair of Women in Mining.
The Board wishes to advise that Mr. Braam Jonker, who joined the
Board in December 2011, will step down, effective today. Over the
past five years Braam has made a tremendous contribution to the
success of the Company, his involvement in the equity and debt
raise in 2014 was invaluable and the Company remains very grateful
for his guidance and advice. Braam was also chairman of the Audit
Committee where his experience and knowledge has been appreciated
through the construction cycle of the project. The Board and the
Company wish Braam all the best with his future endeavours.
Lucio Genovese, Chairman, commented:
"I am delighted that Debbie has agreed to join the Board as
Firestone transitions into a producing diamond company. She brings
with her a wealth of executive and leadership experience, having
advised a number of the world's leading metals & mining
companies.
Over the last five years Braam has made an invaluable
contribution to Firestone and we are all extremely indebted to his
support and wish him well for the future."
Additional information on Mrs. Deborah Thomas
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Deborah Ann Thomas (nee Howie) (aged 46)
Past (last 5
Current Directorships/Partnerships years)
Bibimoney Global Limited Deloitte LLP
South African Institute of Chartered
Accountants
Star, Fish & Little Limited
Women in Mining
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
For more information contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Stuart Brown
Strand Hanson Limited +44 (0)20 7409
(Nomad) 3494
Stuart Faulkner
Richard Tulloch
James Dance
Macquarie Capital (Europe) Limited (Joint
Broker)
+44(0)20 3037
Raj Khatri 2000
Nick Stamp
Mirabaud Securities LLP
(Joint Broker)
+44 (0)20 7878
Rory Scott 3360
+44 (0)20 7878
Ed Haig-Thomas 3447
Tavistock (Public and +44 (0)20 7920
Investor Relations) 3150
Emily Fenton +44 (0)7788 554
Jos Simson 035
Barney Hayward
Background information on Firestone
Firestone is an international diamond mining company with
operations focused on Lesotho. Firestone is currently in the
process of commencing production at the Liqhobong Diamond Mine in
Lesotho to become a one million carat per annum producer.
Lesotho is emerging as one of Africa's significant new diamond
producers, hosting Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine and Namakwa Diamonds' Kao Mine.
For more information please visit:
www.firestonediamonds.com.
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
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