Fura Gems Inc. DMCC, a colored gemstone miner, said that Chief Executive Officer Dev Shetty will move down to seek other opportunities. Fura’s board of directors will be the principal decision-making body until a new CEO is announced.
Fura has assigned the current senior leadership team to handle the company’s day-to-day operations in close coordination with the board, ensuring operational continuity.
Gaurav Gupta, Director, Fura Gems Board and Director of Fura‘s majority shareholder, stated, “The restructuring of our leadership team is a next step in driving forward our strategy, building on the progress made to create a world-class business that meets the changing demands of the gemstone market.”
“The Board of Directors is grateful to Dev Shetty for his contributions to Fura Gems.” Under his guidance, the company has built a strong platform for future growth and innovation. Looking ahead, we are confident in our capacity to carry out our long-term strategy while maintaining Fura Gems‘ commitment to sustainability and quality in the diamond sector. The board fully supports Fura Gems‘ present management team and is completely agreed on the strategic initiatives required to continue the company’s path; we will work together to achieve the ambitious goals established for the next years.”