Dominion Diamond Corp. Announces Changes To Board of Directors

Mining and Exploration
14/01/2016 00:10

Dominion Diamond Corp. has announced that its executive chairman will step down and be replaced by Jim Gowans, a mining industry veteran, who will take over as non-executive chairman no later than April 30. Mr. Robert A. Gannicott, Chairman of the Board, commented that “Both the Company and I have faced certain changes recently. For the Company, these represent opportunities but in my case they represent medical challenges. I have known Jim throughout his career, especially the parts relating to northern mine development and, later, the diamond industry. It is with great confidence that I anticipate handing over the chairmanship to Jim in the near future.”

Jim Gowans was recently co-president of Barrick Gold Corporation from 2014 to 2015 and was formerly managing director of the Debswana Diamond Company in Botswana. From 2006 to 2010, he served as the CEO of DeBeers Canada. Dominion also announced the appointment of Mr. Josef Vejvoda to the Board, who was identified and proposed to Dominion by a group of shareholders. Vejvoda has served as a portfolio manager at K2 & Associates Investment Management Inc., a multi-strategy investment fund, since 2013. In connection with these appointments, the Group has entered into an agreement with Dominion which includes a customary standstill on the part of the Group.