19 May 2019
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Petra Diamonds Appoints Richard Duffy as CEO
Richard brings 27 years' experience in mining in a variety of operational and functional leadership roles at Anglo American and AngloGold Ashanti Limited.
By: Diamond World News Service
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Feb 19 2019 10:02AM
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Reference: 17014  

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The Board of Petra Diamonds announces the appointment of Richard Duffy as Chief Executive ("CEO") of the Company with effect from 1 April 2019.

Richard brings 27 years' experience in mining in a variety of operational and functional leadership roles at Anglo American and AngloGold Ashanti Limited. His roles at AngloGold Ashanti included heading up their African operations as well as that of CFO. After his departure from AngloGold Ashanti in early 2015, he was co-founder of a company that develops, finances, builds and operates renewable and hybrid energy projects in sub-Saharan Africa.

Richard has extensive experience in both open pit and underground mining and a proven focus on safety, productivity and community relations, having led multiple large-scale mining operations across Africa. Coupled with this, through his roles in finance Richard has considerable experience in taking a strategic view and accountability for all corporate finance, business development and capital expenditure related matters. He has worked alongside renowned industry leaders and has served on a number of Boards in Africa. He is well-respected, with high-level networks within the industry and on the continent.

Petra's Chairman, Adonis Pouroulis, commented: "We are extremely pleased that Richard will be joining Petra Diamonds. He brings with him an impressive depth of global mining experience which we believe will be critical to drive Petra's transition from a phase of intensive capital expenditure and expansion to a focus on steady-state, cash-generative operations. We are deeply grateful to Johan Dippenaar for all of the work he has done over the past 14 years to lead Petra through a long period of significant growth and establishing the Company as a leading independent diamond producer."

 Richard Duffy commented: "I am delighted to have been appointed CEO of Petra Diamonds. I look forward to working with a very capable team that has grown the business and laid the foundations for delivering on the recent capital investment programme."

 Johan Dippenaar will be working closely with Richard to ensure an efficient handover in the period leading up to his appointment and Jacques Breytenbach (CFO), Luctor Roode (COO) and the rest of the team have expressed their commitment to supporting Richard as he takes up his role at Petra. The Board welcomes Richard to his new role and looks forward to his contribution. 

 

 

 

 

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