Kenny Steps Down as Firestone Chairman

Philip Kenny has resigned as chairman of Firestone Diamonds in order to pursue other business interests, the company reported. Kenny was a co-founder of the company and held the position of chief executive from the time Firestone listed on London’s Alternative Investment Market (AIM) in 1998 until March 2011 when he became chairman. He also played a major role in the company’s successful acquisition of the Liqhobong Diamond Mine in Lesotho in 2010.

Lucio Genovese has been appointed to Firestone’s board as non-executive chairman with immediate effect. Genovese has 24 years’ experience in both the merchant and financial sector of the metals and mining Industry. He was formerly the chief executive of Nage Capital Management in Baar, Switzerland.

He is also a member of the board of Ferrexpo PLC (a FTSE 250 company), the Armajaro Commodity Funds and Crossbow Partners AG, Baar. He was employed at InCentive Asset Management which managed InCentive Capital, a leveraged buyout firm listed on the Swiss Stock Exchange. He also held several senior positions at Glencore International AG where he serves as chief executive of the CIS region and manager of the Moscow office.

“We are very pleased to welcome Lucio to our board. He brings with him a wealth of experience in the metals and mining sector that will be of significant value to Firestone as the company continues to develop into a mid-tier diamond producer,” said Tom Wilkes, the chief executive of Firestone.

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