Petra Diamonds, which has interests in two SA diamond mines, has announced its CEO, Richard Duffy has resigned “by mutual agreement and with immediate effect”.
Vivek Gadodia and Juan Kemp have been appointed joint interim CEOs, the company said in a statement on Monday.
Gadodia will have responsibility for all group corporate matters and Kemp will deal with all group operational matters. Both will report to the board and lead Petra’s executive committee, but at this point they will not be appointed directors.
Gadodia joined Petra in 2021 and previously spent 15 years at Sasol. Kemp joined Petra in 2009 when the Cullinan Mine was purchased from De Beers. He has more that 30 years’ experience, with a deep knowledge of the Cullinan Mine. He previously worked at AngloGold Ashanti.
London-listed Petra is the world’s third largest producer of rough diamonds by value. It operates the Cullinan and Finsch mines in SA and the Williamson mine in Tanzania.
Post the period-end, Petra announced it had entered into an agreement with Pink Diamonds Investments to sell its entire shareholding in Williamson, for a headline consideration of up to $16m. The sale is expected to complete by year-end.
In October 2024, Petra announced the completion of the sale of Koffiefontein to the Stargems Group.
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