Marole going -Debswana confirms at last

| Tuesday November 16, 2010 00:00

 

Managing Director Blackie Marole, is leaving, though it sounds like a broken record this time Debswana is confirming it.

According to the release Marole is retiring after six years at the helm. 

'Having steered Debswana through many challenges, the biggest of which being the recent global economic crisis, the Board accepted Mr Marole's resignation, expressing gratitude for his service and agreeing that it was the right time for new leadership to tackle Debswana's current and future challenges,' the release states.

Although the statement does not give reasons why Marole is leaving there is only one instance where the statement talks of Marole agreeing that it was the right time for new leadership to take up the baton.

 Not in so many words, the statement seems to suggest someone must have told the Managing Director that it was time for him to consider handing the baton to someone else.

Debswana possesses world class diamond assets and in a post-recessionary environment in which growth in the world's major consumer markets remains fragile, Debswana must complete a broad Operations Review to secure its long-term future and ensure it is maximising the value and life of Botswana's diamonds.