Petra Names Permanent Joint CEOs

Petra Diamonds has appointed Vivek Gadodia and Juan Kemp as joint CEOs following the company’s annual general meeting on November 27.

Gadodia and Kemp, who became joint interim CEOs in February, will continue in these roles permanently, the miner said last week. Gadodia will focus on the corporate aspect of the business, while Kemp will oversee operations. They will continue to report to the board on a regular basis.

“Over the last nine months we have delivered a streamlined, more resilient business as we looked to execute the refinancing of the company,” said Gadodia and Kemp. “We look forward to steering the company on a permanent basis as we continue our focus on the execution of our extension projects as we look to unlock value for our stakeholders in the short to medium term.”  

Meanwhile, the company appointed Kushal Kamir to the board as a nonexecutive director. Kamir has over 30 years of experience in international finance across corporate banking, investment management and credit markets.

Additionally, Lerato Molebatsi will be senior independent nonexecutive director and José Manuel Vargas chair of the remuneration and nomination committees. The board members will take up their positions immediately.

Alex Watson, board observer, and Bernard Pryor, senior nonexecutive director and chair of the nomination committee, are both stepping down.

Images: Juan Kemp (left) and Vivek Gadodia (right). (Petra Diamonds)