18 Apr 2016 08:36
BlueRock Diamonds PLC ("BlueRock" or "the Company")
18 April 2016
Management Change
BlueRock is pleased to announce the appointment of Adam Waugh as CEO of BlueRock.
Adam's appointment follows the announcement of our strategic review on 31 March 2016 and is part of the strengthening of our management team required to meet the demands of our enlarged business. Adam will be responsible for overseeing the strategic review of our business and its subsequent implementation.
Riaan Visser will become CEO of our sole operating subsidiary, Kareevlei Mining (pty) Limited and, as a director of BlueRock, he will retain responsibility for finance matters and will continue to focus on the operation of the Kareevlei mine.
Paul Beck, Chairman said "I am delighted that Adam has accepted the appointment of CEO.
We recognise that as we continue to grow we need to assess continuously our management needs. BlueRock is many times larger than it was when we listed and these management changes allow Riaan to concentrate on ensuring the smooth operation of the mine whilst Adam concentrates on delivering value to shareholders. In addition, we are currently in the process of identifying an experience mine manager to complement our existing team."
Enquiries: |
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BlueRock Diamonds plc Riaan Visser, CEO www.bluerockdiamonds.co.uk +27 (0) 84 431 0118 | SP Angel Corporate Finance LLP Nominated Adviser & Broker David Facey / Stuart Gledhill +44 (0) 20 3470 0470 |