Gemfields plc announced recently that Devidas Shetty has been promoted from the position of group chief financial officer (CFO) to group chief operating officer (CEO).
Shetty will be responsible for providing operational direction and support to the respective business heads of each of the group’s operating divisions as they continue to focus on profitability, operating efficiency, resource allocation and delivery.
He joined as Group CFO of Gemfields in 2010 and has since been instrumental in the turnaround of the group, improving the cost structure, tax profile and implementing key strategic and operational decisions.
Gemfields also announced that Mark Summers will join as new Group CFO. Summers qualified as a chartered accountant in South Africa.