Richland Resources Ltd (LON:RLD) has appointed Anthony Brooke as the company’s new chief executive with immediate effect.
Bernard Olivier now leaves his position and leaves the company to pursue his other interests.
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Brooke was previously vice president of marketing and sales for Richland's wholly owned subsidiary, Capricorn Sapphire. He is described by the company as a “leading expert in the gemstone industry”
A new strategic review will now be overseen by Brooke, looking at the Capricorn Sapphire mining, marketing and sales operations. The aim will be to assess how the company can best leverage its position as the owner of one of the world's largest sapphire mines, Richland explained.
READ: Richland Resources notes signs of recovery in sapphire market
Mining operations will remain suspended, meanwhile, the company will also focus on its exploration programme, targeting a potential resource expansion.
"I am most pleased that Tony, with his wealth of gemstone industry knowledge and experience, has decided to take up the position of chief executive officer of the company and look forward to working closely with him,” said Edward Nealon, non-executive chairman.