Kim Truter will retire as CEO of Burgundy Diamond Mines after two-and-a-half years.
Truter joined Burgundy’s board in 2020 and became nonexecutive chairman in late 2021. He was appointed chief of the company at the end of the following year, after the exit of Peter Ravenscroft, the company said Wednesday. Previously, Truter was CEO of De Beers Canada.
Truter was instrumental in Burgundy’s transformation, most notably, its acquisition of Canada’s Ekati site from Dominion Diamond Mines. He will leave the company on May 27 after the annual general meeting.
The miner will appoint Jeremy King, a member of Burgundy’s board of directors, as interim CEO. In the meantime, the board has begun to search for a new chief, Burgundy noted.
“[Truter] has been instrumental in the transformation of our organization, which positions Burgundy well for the future,” said board chair Michael O’Keeffe. “[King] is extremely well-suited given his years of experience on the Burgundy board, and professionally in numerous executive capacities, and will complement the excellent leadership team we have assembled.”
Truter and King will work together until the CEO’s exit to ensure a seamless handover, Burgundy added.
Image: Kim Truter. (Burgundy Diamond Mines)
