Pouroulis steps down as Petra chair

Diamond miner Petra Diamonds reports that Peter Hill will succeed founder Adonis Pouroulis as nonexecutive chairperson as of March 31.

The miner previously noted in its interim results on February 17 that additional board changes would also take place this calendar year. These include independent nonexecutive director Varda Shine assuming the role of chairperson of the remuneration committee, succeeding Gordon Hamilton, also effective March 31.

Effective June 30, independent nonexecutive director Dr Pat Bartlett will retire from the board after about nine years’ service.

In addition, senior independent director Tony Lowrie will retire from the board following the annual general meeting in November.

An announcement regarding the appointment of a new senior independent director will be made soon.