Petra Diamonds CEO Johan Dippenaar Leaving Mining Firm
Petra Diamonds Limited said long-time CEO Johan Dippenaar, will be stepping down after 12 years.
Chairman Adonis Pouroulis said: "Johan has led Petra through a long period of significant growth, taking the company’s annual production from approximately 175,000 carats in FY 2006 to 4.6 million carats in FY 2018, and establishing the company as a leading independent diamond producer. As Petra now approaches the final stage of its expansion plans, it is positioned to reap the benefits and, in line with the Nomination Committee's succession plan, a successor for the CEO position will be appointed in due course. Johan will continue in the role of CEO until this time and will work closely with the Board to ensure an efficient handover. I would like to take this opportunity to express the Board's sincere gratitude for all that he has done for Petra. We look forward to updating the market with new non-executive appointments in October."