Petra Diamonds Limited announced that former De Beers Diamond Trading Company (DTC) CEO Varda Shine has been appointed a non-executive director along with former Anglo American Business Development Head Bernard Pryor with effect from January 1, 2019. These appointments have been made in accordance with the Petra Nomination Committee’s three-year succession plan, which is in line with the company’s development from a phase of intensive capital expenditure and expansion to a focus on steady-state operations.
In addition, the company is further reviewing and optimising the composition of its board, board committees and senior management structures, as well as addressing improving diversity at the higher levels of the business. Further announcements to this end will be made during the course of fiscal 2019.
Petra Chairman Adonis Pouroulis commented, “It gives me great pleasure to welcome Varda and Bernard to the board. Their significant experience and expertise in both the mining sector and the diamond world will be a considerable asset to our board and we look forward to working with them.”
He added, “Today’s announcement demonstrates the solid progress the board has made in its Succession Plan and we expect to be in a position to make further announcements with regards to Board composition later in FY 2019.”
Varda Shine currently holds various appointments as non-executive director, is a CEO’s mentor and a diamond industry advisor. Previously, as CEO of the DTC, she worked with stakeholders across the supply chain, from producing governments to luxury retailers, and delivered record sales and profits.
Shine currently sits on the boards of Lonmin Plc, the Mineral Development Company Botswana and Sarine Technologies. She is also a governing board member of the Diamond Empowerment Fund (DEF) and a trustee of the Teenage Cancer Trust.
Bernard Pryor is a metallurgical engineer with over 35 years’ experience in the international mining industry. He has held senior executive positions across a range of disciplines including project acquisition, development and construction and has run large-scale, fully operational mining assets. His experience also includes international commercial and general management, most notably in Australia, Brazil, West and Southern Africa, the Middle East and Russia. He is currently CEO of Alufer Mining and Non-Executive Chairman of MC Mining Limited.
Pryor was previously CEO of African Minerals Limited and Q Resources plc. Between 2006 and 2010 he held senior positions within Anglo American Plc as Head of Business Development and was CEO of Anglo Ferrous Brazil Inc. Prior to that he was COO at Adastra Minerals Inc in the DRC.