|
|
Dominion Adds Director from Activist Shareholder Group
Former De Beers Executive Named Chairman Designate in Double Board Appointment
Jan 14, 2016 4:52 AM
By Rapaport News
|
|
|
RAPAPORT... Dominion Diamond Corporation added two new directors on
its board, including one from an institutional investor that had put pressure
on the Canada-based miner’s management after a share-price slump in 2015.
Josef Vejvoda, a portfolio manager at K2 &
Associates Investment Management, was appointed after being “identified and
proposed to Dominion by a group of shareholders,” according to a Dominion
statement January 13. A shareholder group led by K2 “entered into an agreement
with Dominion which includes a customary standstill on the part of the group,”
the statement added.
Jim Gowans, president, chief executive officer and
director of Arizona Mining, has also joined the board. He has held several
senior positions in the mining industry, including managing director of
the Debswana Diamond Company in Botswana and chief executive
officer of De Beers Canada. He was also chief operating officer and chief
technical officer for De Beers SA.
The board intends to appoint Gowans as non-executive
chairman by April 30, the statement added.
“These appointments fill the two casual vacancies on the
board, and the experience and expertise of these two individuals will make a
very positive contribution to the governance of the company,” said Daniel
Jarvis, lead independent director of the board. “In addition to these appointments, the board
will continue its existing search process to identify an additional independent
director who can join the board.”
Dominion chairman Robert Gannicott said it was “with
great confidence that I anticipate handing over the chairmanship to Jim in the
near future.”
|
|
|
|
|
|
|
|
|
|
Tags:
appointments, Canada, Dominion Diamond Corporation, Jim Gowans, Josef Vejvoda, K2 & Associates Investment Management, mining, Rapaport News, Robert Gannicott
|
|
|
|
|
|
|
|
|
|
|