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Market NewsNewsWashington appoints new CEO for Dominion Diamonds

Washington appoints new CEO for Dominion Diamonds

Montana billionaire Dennis Washington has hired Patrick Evans to run Dominion Diamond Corp. after he agreed to buy the business for $1.2 billion last month, Bloomberg reported.

“We are pleased that Patrick will become CEO of Dominion Diamond Corp. upon closing of the transaction," said Lawrence Simkins, president of The Washington Cos., said in an email to Bloomberg. "Having operated a mining company in the Northwest Territories, Patrick already has a familiarity with the region and strong relationships with local officials and indigenous leaders.”

Evans is the former chief executive officer of Mountain Province Diamonds Inc., which owns the Gahcho Kue diamond mine with De Beers in Canada. Evans left the company with immediate effect in June in what the company said was a “mutual decision”, the Bloomberg report said.

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