Diamonds / Industry

Lucara CFO and VP of Technical Services Step Down


Lucara Diamond Corp., which owns the Karowe mine in Botswana (pictured), has announced that Zara Boldt, its chief financial officer and corporate secretary, and John Armstrong, its vice president of technical services, are resigning. No replacements were named.

Boldt plans to step down effective Dec. 29, and Armstrong will leave effective Dec. 1.

The news follows the resignation of Lucara CEO Eira Thomas in August. She was replaced by the executive who’d also preceded her, William Lamb.

Boldt joined Lucara shortly after Thomas became CEO in early 2018. Boldt had previously worked with Thomas at Stornoway Diamond, which Thomas cofounded and headed.

Armstrong has worked at Lucara since 2013. Prior to that, he was senior geologist at Stornoway.

Lucara recently canceled its 10-year contract to sell its largest diamonds to HB Antwerp.

In a statement, chairman Paul Conibear thanked the two departing employees for “their meaningful contributions to Lucara and the Karowe diamond mine.”

(Photo courtesy of Lucara)

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By: Rob Bates

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