Petra Diamonds Limited Directorate Changes (2082U)
March 27 2023 - 2:00AM
UK Regulatory
TIDMPDL
RNS Number : 2082U
Petra Diamonds Limited
27 March 2023
27 March 2023 LSE: PDL
Petra Diamonds Limited
("Petra" or the "Company" or the "Group")
Directorate Changes
Petra today announces that Octavia Matloa, independent
Non-Executive Director, will retire from the Board of Petra at the
end of June 2023 having been an independent Non-Executive Director
since 2014. Consequently, Octavia will also step down as the
Company's designated workforce engagement Non-Executive Director,
Chair of the Company's Social, Ethics & Diversity Committee and
member of the Company's Audit & Risk, Remuneration, Nomination
and Investment Committees, also with effect from the end of June
2023.
Lerato Molebatsi has been appointed as an independent
Non-Executive Director of the Company, effective 3 April 2023.
Lerato will serve on Petra's Social, Ethics & Diversity, Audit
& Risk, Remuneration, Nomination and Investment Committees and
with effect from 1 July 2023, will become the Company's designated
workforce engagement Non-Executive Director and Chair of the
Company's Social, Ethics & Diversity Committee.
Lerato is currently the lead independent Non-Executive Director
of the South African Reserve Bank, having been appointed in 2019.
Lerato is also an independent Non-Executive Director of Spur
Corporation, the restaurant franchiser listed on the Johannesburg
Stock Exchange where she is also Chair of the Social, Ethics and
Environmental Sustainability Committee. She is a member of the
Remuneration Committee of South Africa's Financial Sector Conduct
Authority; prior to this, Lerato was deputy Chair of the Adrian
Group, a Kenyan telecommunications company.
Lerato was previously: CEO of General Electric South Africa from
2016 until 2019, having joined General Electric in 2015 as their
Director for Government Affairs and Policy for Southern Africa ;
Executive Vice President, Communications and Public Affairs at
Lonmin plc; Deputy Director General, Corporate Services at South
Africa's Department of Labour; and Special Advisor to South
Africa's Minister of Transport. She has also held senior positions
at Old Mutual and Sanlam, including in corporate communications,
public affairs and corporate social investment; Lerato has a strong
background in Board governance and ESG matters.
Lerato, a South African citizen, holds a BA in Psychology from
the University of Johannesburg in South Africa, attended the Senior
Executive Leadership Programme for Africa at Harvard University in
the USA and has diplomas from the Senior Management Development
Programme (University of Stellenbosch Business School) and Rural
Development Programme (University of Witwatersrand).
Peter Hill , Non-Executive Chairman of Petra Diamonds
commented:
"We very much appreciate the significant contribution Octavia
has made to the Board during her long service, particularly on
financial and audit matters and since 2019 as inaugural Chair of
the Social, Ethics & Diversity Committee and since 2020 as
Petra's inaugural designated workforce engagement Non-Executive
Director. When Octavia retires from the Board at the end of June
2023, she does so with our thanks and appreciation, and with all
best wishes for the future.
I am delighted to welcome Lerato to the Petra Board. Lerato has
extensive executive and non-executive experience across a range of
sectors, primarily in South Africa where the majority of our
operations are located, including in corporate
communications/public affairs, stakeholder relations, corporate
social investments, policy development, black economic empowerment
and governance, all of which will greatly assist in the strategic
development of the Company. "
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Julia Stone
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and
a supplier of gem quality rough diamonds to the international
market. The Company's portfolio incorporates interests in three
underground mines in South Africa (Finsch, Cullinan and
Koffiefontein) and one open pit mine in Tanzania (Williamson).
Petra's strategy is to focus on value rather than volume
production by optimising recoveries from its high-quality asset
base in order to maximise their efficiency and profitability. The
Group has a significant resource base which supports the potential
for long-life operations.
Petra strives to conduct all operations according to the highest
ethical standards and only operates in countries which are members
of the Kimberley Process. The Company aims to generate tangible
value for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities.
Petra is quoted with a premium listing on the Main Market of the
London Stock Exchange under the ticker 'PDL'. The Company's loan
notes due in 2026 are listed on the Irish Stock Exchange and
admitted to trading on the Global Exchange Market. For more
information, visit www.petradiamonds.com.
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