Business
Directorate and Senior Management Changes
Directorate and Senior Management Changes.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 6071Z Petra Diamonds Limited 31 May 2016 \n\n \n \n \n\n\n\n\n31 May 2016\n\n\nLSE: PDL\n\n\n\n\n \nPetra Diamonds Limited\n(\"Petra\", the \"Company\" or the \"Group\")\n \nDirectorate and Senior Management Changes\n \n \nPetra Diamonds Limited announces the following Board and Senior Management changes, effective 30 June 2016. \n \nMr David Abery will step down as Petra's Finance Director in order to pursue other opportunities. Post his departure, Mr Abery will continue to be available to the Company on an advisory basis for a period of at least six months, as part of the succession process.\n \nIn line with the Company's internal succession planning process, as led by the Nomination Committee, the following senior management changes will also take place.\n \nMr Jacques Breytenbach (44) will be appointed Chief Financial Officer. Mr Breytenbach has held the role of Finance Manager - Operations at the Company since 2006, with responsibility for financial management across the Group's operations. He joined Petra from Anglo Platinum, where he held various roles, culminating in his position as Finance Manager - Capital Projects, with oversight for Anglo Platinum's extensive capital expansion programmes. He is a Chartered Accountant and a member of the South African Institute of Chartered Accountants. \n \nMr Koos Visser (46) will be appointed Chief Operating Officer. Mr Visser has held the role of Group Operations Manager at the Company since 2005, with responsibility for the management of all Group operations, including production and the roll-out of the Group's expansion plans (with a focus on plant design and operational efficiency improvements). Prior to joining Petra, he gained broad industry experience working for Impala Platinum in a number of roles, culminating in his position as Utilities and Technical Services Manager. He holds a B Degree in Electrical and Electronic Engineering from the University of Potchefstroom in South Africa and is a Registered Engineer GCC.\n \n \nPetra's Chairman, Adonis Pouroulis, commented: \"David has been instrumental to the growth of Petra over the years, leading a number of strategic transactions and financings. His demonstration of leadership and contribution to long-term value creation have serve...