Petra abolishes COO position as part of bid to drive efficiency
London-listed Petra Diamonds has effected some organisational changes to help facilitate the rapid execution of its Project 2022 strategy.
These include a flatter management structure, with mines now reporting directly to CE Richard Duffy.
The company reported last week that the restructuring had resulted in the removal of the COO role and that Luctor Roode was, therefore, leaving the company to pursue other interests, effective immediately.
Duffy commented that Roode had been instrumental in leading the operations’ transition to a steady-state operational performance, following a long period of capital investment across the company’s mines.
“He leaves Petra at a time when the company is delivering solid and consistent production results across the operations and I am certain that he will be successful in his future endeavours.”
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