Fura Gems CEO Dev Shetty steps down

Fura Gems Inc. CEO Dev Shetty has decided to resign from his position at the company, and plans to pursue other opportunities.

“The restructuring of our management team is the next step in our strategy, building on the progress we have made to create a world-class company that meets the changing demands of the gemstone market,” said Fura Gems CEO and majority shareholder Gaurav Gupta, the Gem and Jewellery Export Promotion Council said on its website. “The Board of Directors would like to thank Dev Shetty for his contribution to Fura Gems. Under his leadership, the company has laid a solid foundation for growth and innovation.”

Until a new CEO is announced, the Fura Gems board will be the company’s main decision-making body. The day-to-day operations of the company will be led by Fura Gems’ senior management team, who will work closely with the board of directors.

“As we look to the future, we are confident in our ability to execute on our long-term strategy and continue Fura Gems’ commitment to sustainability and excellence in the gemstone industry,” Gupta said. “The Board fully supports Fura Gems’ current management team and is fully aligned on the strategic steps needed to continue Fura Gems’ journey. We will work together to achieve the ambitious goals set for the coming years.”