Gemfields (AIM: GEM) said that all proposed resolutions were passed at its latest AGM (annual general meeting) save for the re-election of Richard James as a director of the company after he withdrew his re-election consent and stepped down, also resigning from his position as Chief Financial Officer (CFO) to pursue other interests.
Devidas Shetty was named as James’ successor as CFO. Shetty, who will not be joining the board at this stage, has qualified as a chartered accountant from India and has 10 years of experience encompassing mergers and acquisitions, business start-ups, business turnarounds, strategic planning, treasury, tax and financial reporting.
Shetty worked in senior roles for a private equity firm in London prior to joining Gemfields.
“I would like to thank (James) for his hard work and contribution to the company and wish him all the best in the future. I am confident that Shetty will perform strongly as the company's chief financial officer,” said Chief Executive of Gemfields Ian Harebottle.