Subiaco, Western Australia—Lucapa Diamond Co. Ltd., a prominent diamond miner, has welcomed Stuart Brown, a seasoned executive formerly with De Beers Group, to its board as chairman.
In a statement released on Monday, Lucapa announced Brown’s appointment, highlighting his extensive experience within the diamond industry. Brown notably served as De Beers’ Chief Financial Officer and co-acting CEO alongside Bruce Cleaver during the transitional period between Gareth Penny and Philippe Mellier’s tenures from 2010 to 2011. He brings a wealth of knowledge from his tenure as CEO of Firestone Diamonds and Mountain Province Diamonds, the latter of which operates the Gahcho Kué mine in partnership with De Beers Canada.
Lucapa emphasized Brown’s substantial board experience, citing his current roles as a non-executive director of Ukrainian iron ore mining company Ferrexpo Plc, where he also serves on the audit and remuneration committees. Additionally, Brown holds positions as a non-executive director and chair of the audit committee for Digby Wells Environmental Holdings Ltd., a prominent provider of ESG consulting services to the mining sector.
Brown’s appointment comes amidst a broader board restructuring at Lucapa. Investment banker Ronald (Ronnie) Beevor joins as an independent non-executive director, while current non-executive chairman Miles Kennedy and non-executive director Ross Stanley are stepping down, with Kennedy retaining his position as a non-executive director.
Lucapa Diamond Co. Ltd., headquartered in Western Australia, operates the Lulo alluvial mine in Angola and the Mothae mine in Lesotho. The company is actively engaged in diamond exploration in Australia, Angola, and Botswana, alongside conducting a feasibility study for the development of the Merlin Diamond Project in Australia.
In July 2023, Lucapa announced the departure of CEO Stephen Wetherall, with Nick Selby assuming the role of CEO and managing director following his tenure as the company’s former executive director of operations.
