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RAPAPORT... Namakwa Diamonds named Craig Campbell its new chief financial officer and appointed him to the board, where he joins Melissa Sturgess, a non-executive chair person, Theo Botoulas, the company's chief executive, Martiens Mulder and Robert Reid, both of whom are independent non-executive directors, and Gerard Holden and Vladimir Kravets, who are non-executive directors.
Sturgess said that Namakwa Diamonds is undergoing a re-organization and the addition of Campbell to the team should help drive maximum shareholder value from the group’s operations in Lesotho and South Africa. In other management changes, Botoulas will assume the role of executive chairman of Namakwa's subsidary, Storm Mountain Diamonds. Keith Whitelock resigned as the chief executive of Storm Mountain Diamonds and was replaced by Jan Venter, who joined the company in 2010 as general manager. Pieter van Zyl resigned as director and chief financial officer of Storm Mountain Diamonds and was replaced by Patrick Durant.
The board of Storm Mountain Diamonds now includes Botoulas, as executive chairman, Venter, Durant, and Ashwin Willemse, Andre Bothma, Neo Phakaoana-Foulo and Sekamotho Khaketla all of whom are non-executive directors. Botoulas said, “The evolution of the Kao mine from a capital project to an operating mine with sustainable production over time is the immediate focus of the management team. “I look forward to working with Jan and Pat to achieve our objectives for Kao for the benefit of all stakeholders in the project,” he added.
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