Fura Gems’ CEO Dev Shetty steps down from role

Coloured gemstone mining business Fura Gems Inc’s chief executive officer Dev Shetty has decided to step down from his role at the business. The executive plans to pursue other opportunities.

“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 which meets the evolving demands of the gemstone market,” said Fura Gems’ board director and director of the business’ majority shareholder Gaurav Gupta, the Gem and Jewellery Export Promotion Council reported on its website. “The Board of Directors extends its gratitude to Dev Shetty for his contribution to Fura Gems. Under his leadership, the company has laid a solid foundation for growth and innovation.”
 
Until the announcement of a new CEO, Fura Gems’ board of directors will be the business’ primary decision-making body. The company’s day to day operations will be run by Fura Gems’ senior leadership team which will collaborate closely with the board of directors.
 
“Looking forward, we are confident in our ability to execute our long-term strategy and continue Fura Gems’ commitment to sustainability and excellence in the gemstone industry,” said Gupta. “The board is fully supporting the current management team of Fura Gems and is totally aligned on the strategic steps needed to continue the journey of Fura Gems, we will operate in conjunction to achieve the ambitious objectives set for the years to come.”