Connect with us

Headlines

CEO of Diamond Company Resigns

Published

on

He’ll step down at the end of November.

James Campbell is resigning as CEO of Rockwell Diamonds.

He has “agreed on a structured handover before leaving at the end of November 2016 as per his employment contract,” the Vancouver, Canada-based diamond mining and development company announced.

Campbell will continue to serve as a director for Rockwell, “working closely with the board and the newly appointed Executive Officer Tjaart Willemse,” according to the announcement.

The company explained that the board recently conducted a strategic review and, following the exit of two senior managers, a management review.

In explaining the strategic review, the company stated:

“The goal was to evaluate the positioning of Rockwell in the diamond mining space, as well as the effectiveness of defined strategies that were implemented over the past period by the company. This review included the performance of its Remhoogte acquisition, which has been below plan, and the construction of the new Wouterspan plant that is behind schedule with a higher cost. Notwithstanding this, the first phase of the wet plant at Wouterspan, being the first two of four circuits, is substantially complete and diamond grades are in line with expectations.”

Advertisement

As for the management review, “The board determined that further intervention on operations and plant completion was necessary, while new opportunities are being assessed.”

Tjaart will take on “chief executive authority for day to day operations and plant completion” and report to the board chairman. He’s a mining engineer by profession and has spent 25 years in senior operational, production and executive management roles, particularly in operating plants with De Beers in South Africa.

In a development that the company said was unrelated, Stephen Dietrich and Rick Menell resigned as directors. Dietrich resigned because of personal health issues and Menell stepped down because of a busy schedule, according to Rockwell.

They will be replaced by the appointment of Richard Mhlontlo, who will represent Rockwell’s Black Economic Empowerment shareholder. Mhlontlo was previously the group human resource and industrial relations manager for Rockwell.

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular