08:22 AM EST, 12/05/2024 (MT Newswires) -- Aberdeen International ( AABVF ) said Thursday that it appointed "seasoned" mining executive Dev Shetty as CEO and executive chairman, effective immediately.

Shetty is replacing Fred Leigh, who resigned as CEO but will remain on the board.

Aberdeen said Shetty "has extensive experience in private equity, mining, and corporate turnarounds." Shetty is the founder and former CEO of Fura Gems and is credited with the turnaround of Gemfields Group.

Shetty joined the board of Prospect Resources in 2020.

"We are currently evaluating some exciting opportunities where attractive valuations are available, given where the resource sector is positioned," Shetty said. "With the talent pool we are building, we will support portfolio companies with the operating talents required to create value for the company."