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LONDON - Gem Diamonds Limited (LSE:GEMD) announced Wednesday that Non-Executive Director Mazvi Maharasoa will resign from her position effective December 31, 2025, to pursue other opportunities.
Maharasoa has served as a member of the company’s Board of Directors, contributing to governance and strategic oversight during her tenure with the diamond mining company.
The diamond producer stated that the resulting Board composition will support a strategic Board optimization while remaining appropriate for the company’s size. The restructuring of Board Committees and the allocation of a designated Non-Executive Director for workforce engagement will be announced before the changes take effect on January 1, 2026.
Gem Diamonds confirmed that these changes will maintain full compliance with the provisions of the UK Corporate Governance Code.
Harry Kenyon-Slaney, Non-Executive Chairman, expressed gratitude for Maharasoa’s contributions, stating: "On behalf of the Board, I would like to sincerely thank Mazvi for her significant contribution to the Company during her tenure. We wish her all the very best for the future."
Kenyon-Slaney added that the Board remains confident that Gem Diamonds’ leadership maintains the appropriate balance of skills and experience to support the company’s strategy moving forward.
Gem Diamonds owns a 70% stake in the Letšeng mine in Lesotho, which is known for producing large, high-value white diamonds. According to the company’s press release statement, the mine is recognized as the highest dollar per carat kimberlite diamond mine in the world.
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