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2 Lucara Execs to Step Down in Wake of CEO Change
Chief Financial Officer Zara Boldt and Vice President of Technical Services John Armstrong will leave the company later this year.
Vancouver, British Columbia—Two top executives at Lucara Diamond Corp. will step down later this year following the reinstallation of William Lamb as the company’s CEO.
The mining company announced Sunday that Zara Boldt has resigned as chief financial officer and corporate secretary. She plans to step down on Dec. 29.
Boldt, a certified public accountant, has been with the company since April 2018, one of several female executives appointed under former CEO Eira Thomas.
In addition, Lucara announced that John Armstrong is stepping down from his position as vice president of technical services, effective Dec. 1.
Armstrong joined the company in 2013 as vice president of mineral resources, developing size and value distribution models and forecasts for the Karowe mine.
He also oversaw the feasibility study and provided technical input on the mine’s proposed underground expansion, which recently hit a snag.
The company did not elaborate on the reasons for their respective departures or disclose any information about their successors.
The management resignations at Lucara come less than two months after the board announced it was replacing Thomas with Lamb, who previously headed the company from 2007 to 2018.
They follow another major change at the company, its decision to terminate its sales contract with manufacturer HB Antwerp, which it had just extended for 10 years.
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