Adam Waugh to lead BlueRock Diamonds

BlueRock Diamonds announced some management changes on Monday, primarily the appointment of Adam Waugh as CEO of the group.

The appointment followed the announcement of the AIM-traded firm’s strategic review on 31 March. Its board said it was part of the strengthening of the management team, required to meet the demands of an enlarged business.

Waugh will be responsible for overseeing the strategic review of the business, and its subsequent implementation.

At the same time, BlueRock said Riaan Visser will become CEO of its sole operating subsidiary, Kareevlei Mining, retaining responsibility for finance matters as a director of BlueRock as well as focusing on the operation of the Kareevlei mine.

"I am delighted that Adam has accepted the appointment of CEO,” said BlueRock chairman Paul Beck.

“We recognise that as we continue to grow we need to assess continuously our management needs. BlueRock is many times larger than it was when we listed and these management changes allow Riaan to concentrate on ensuring the smooth operation of the mine whilst Adam concentrates on delivering value to shareholders,” he added.

“In addition, we are currently in the process of identifying an experience mine manager to complement our existing team."