Lucapa: Chief to Exit After Nearly a Decade

Nick Selby will take on the role of interim CEO at Lucapa Diamond Company when Stephen Wetherall steps down as managing director at the end of the month.

Selby, who has been with the miner since 2017, is currently executive director of operations. He will lead the company while it searches for a replacement, Lucapa said Monday.

Wetherall will continue to work with Lucapa as an independent consultant following his exit, helping to further the miner’s diamond marketing and downstream initiatives. He joined the company — which operates the Lulo mine in Angola and the Mothae deposit in Lesotho — in 2016. Wetherall was instrumental in creating a manufacturing deal with Graff unit Safdico, and in Lucapa’s acquisition of the Merlin diamond project in Australia.

“I have thrived on the challenges put to me by the board and shareholders,” said Wetherall in the Monday statement. “We have together navigated the company successfully through a difficult pandemic, repaid all the project interest-bearing debt, successfully delivered and expanded two mining operations now generating solid margins, positioned the company for growth with future production from Merlin, and our kimberlite exploration program at Lulo is at an advanced and exciting phase. This is an appropriate time for me to take on other challenges.”