- Burgundy Diamond Mines (BDM) announces the resignation of its CEO and Managing Director, Peter Ravenscroft, effective immediately
- In his stead, Non-Executive Chairman Kim Truter has been appointed interim CEO, bringing to the role over 30 years of global mining and diamond experience
- Additionally, current Non-Executive Director Michael O’Keefe, who also has a wealth of leadership experience across several companies, will be appointed Executive Chairman
- BDM shares are trading at 22 cents at 11:05 am AEDT
Burgundy Diamond Mines (BDM) has announced the resignation of its CEO and Managing Director, Peter Ravenscroft, effective immediately.
The end-to-end diamond company didn’t disclose Mr Ravenscroft’s reason for leaving the company but thanked him for his dedication and service after nearly four years in the role.
Current Non-Executive Chairman and Non-Executive Director Kim Truter has been appointed interim CEO, with immediate effect.
Mr Truter reportedly has over 30 years of mining experience in surface and underground operations, as well as “substantial” diamond experience around the world.
In addition to this leadership change, Non-Executive Director Michael O’Keefe will be appointed Executive Chairman.
Mr O’Keefe brings a wealth of leadership experience to this role. From 1995 until 2004, he was Managing Director of Glencore Australia and Executive Chairman of Riversdale Mining before it was acquired by Rio Tinto PLC in 2011.
He’s currently Executive Chairman and former CEO of Champion Iron, which operates an iron ore project in Canada.
BDM shares were trading at 22 cents at 11:05 am AEDT.