Australia-listed Lucapa Diamond Company announced on Thursday that Nick Selby had resigned as MD and CEO, citing health issues.
His departure is effective immediately.
Alex Kidman, the company’s current group operations manager, will take over as MD and CEO, also effective immediately.
“It is with deep regret that I find myself having to step back from the role of CEO of this great company due to health reasons just as the company is poised to deliver on the long-awaited Kimberlite majority share and Merlin workstreams,” Selby said.
“However, I know that Alex will successfully lead the team and the company into the next phase of its future while delivering huge value for shareholders.”
Lucapa holds an interest in the Lulo mine in Angola, as well as a 39% stake in the Lulo kimberlite exploration joint venture. In 2021, the company completed the strategic acquisition of the historic Merlin diamond project, located in the Northern Territory of Australia.
Edited by: Creamer Media Reporter
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