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Ex De Beers' man appointed Firestone Diamonds CEO

12th August 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Aim-quoted Firestone Diamonds has appointed Stuart Brown its new CEO to strengthen its executive management ahead of developing the main treatment plant (MTP) at its Liqhobong mine, in the Lesotho highlands.

The 49-year-old Brown is the former joint acting CEO and CFO of the De Beers group and will succeed Tim Wilkes at Firestone Diamonds on December 1. Wilkes will remain with the company as an executive director.

“After two years out of the diamond industry – an industry that has been a huge part of my life for 20 years – I am thoroughly revitalised and ready to help Firestone bring a high-quality, near-term asset on stream,” Brown commented.

Firestone currently operates the pilot plant at Liqhobong and is in the process of developing the MTP with an aim to produce one-million carats a year by 2015.

"I look forward to working with Stuart again, and being an integral member of the team that develops Firestone into an one-million-carat-per-annum producer. I welcome the board of directors' efforts and commitment in strengthening the executive committee, which I see as a major step forward for Firestone," said outgoing CEO Wilkes.

Brown spent 20 years at the world's biggest diamond company, De Beers. His early career included positions in the finance divisions at Teemane Diamond Manufacturing in Botswana and at the Premier mine in South Africa. In 1999, Brown was appointed as finance manager for De Beers Global Exploration and in 2001, he was appointed GM for De Beers Geological Services in South Africa. This move led to Brown’s head of finance role for all De Beers companies in South Africa and then to the post of CFO of De Beers Consolidated Mines. In 2006, he was appointed De Beers Group CFO. In August 2010, subsequent to the De Beers Group CEO leaving, Brown was appointed acting joint CEO to run the entire De Beers group in tandem with his CFO duties.

Edited by Creamer Media Reporter

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