Rockwell CEO Resigns

(IDEX Online News) - Rockwell Diamonds Inc. President and CEO Dr. John Bristow has resigned, the company announced on Tuesday. No details on the background to the resignation were provided. The COO and CFO are reporting to a board committee until a new CEO is appointed.

The diamond miner said that over the last year its board of directors has had in place a senior corporate management growth strategy initiative, involved in the recruitment of senior management, including a COO and CFO.

“As part of this process, the company plans to complete the engagement of an experienced senior executive as president and CEO who has equal financial and operational background.

The Board is also in discussion with Dr. Bristow, who remains as a director, to provide consulting services to the company to maintain continuity during the transition period, the company said.

“The Board wishes to extend its thanks to Dr. Bristow for a sustained effort and unflinching commitment to Rockwell Diamonds' success, and wish him well in his next endeavors,” it said.