Former De Beers Chief Financial Officer Stuart Brown has been appointed President and CEO of Mountain Province Diamonds, which operates the Gahcho Kué diamond mine in Canada in a joint venture with De Beers. His appointment is effective from July 1.
Brown has over 25 years of experience in the diamond industry, where he has gained a wealth of experience across all aspects throughout the diamond pipeline from exploration, mine development and operations to the selling and marketing of diamonds, the company said in a release on its website.
In 2006, after numerous roles within De Beers over a period of 14 years, Brown was appointed as the De Beers Group Chief Financial Officer. He held that position for over five years, and in 2010 was appointed joint acting CEO to run De Beers’ global activities in addition to his CFO duties.
Since September 2013, Brown has been the CEO of publicly-listed Firestone Diamonds Plc, a diamond producer in Lesotho. Brown was responsible for securing the funding and building the team that delivered the successful construction and transition to production of Firestone’s Liqhobong diamond mine.
Mountain Province’s Non Executive Chairman, Jonathan Comerford, commented, “We are very pleased to announce Stuart Brown as our new CEO. The Board conducted an exhaustive search for the role, and Stuart was a stand-out candidate for the depth of his background in the diamond sector. Stuart has incredible experience in the space, having held the highest positions in De Beers. He is also very familiar with the Gahcho Kué diamond mine and its team from his time with De Beers.”
Comerford added, “Mountain Province is building a strong team to execute our strategy of exploration and mining extension, and we are confident that Stuart’s experience, both in De Beers and with Firestone, and his standing in the diamond industry will add substantial value to the company.”
Brown takes over from Mountain Province Interim CEO David Whittle, who oversaw the refinancing of the company’s bank debt and completed the acquisition of Kennedy Diamonds. Whittle will remain on the Mountain Province Board, resuming his roles as both the Senior Non-Executive Director and as Head of the Audit Committee.