Worldwide Gemological Institute (IGI), a Blackstone portfolio firm, has introduced the appointment of Tehmasp Printer as its new world CEO, efficient 1 October 2023.
The information comes after Roland Lorie, present CEO, determined to step down after spending almost 5 a long time constructing the “largest” community of gemological laboratories and faculties worldwide.
He additionally performed a pivotal function in cementing its fame as a pioneer within the certification of pure diamonds, lab-grown diamonds, colored stones and completed jewelry.
Printer has greater than 30 years of expertise in managing and main companies.
He has been with IGI for twenty-four years, most not too long ago as managing director of IGI India, and was instrumental in introducing IGI’s grading and certification practices to India’s gemstone and jewelry industries.
Based in 1975 in Antwerp by the Lorie household, IGI is an unbiased certification of diamonds, gem stones, and jewelry, with a world footprint of 29 laboratories and 18 faculties of gemology throughout 10 nations.
Printer mentioned: “I’m honoured to tackle this new function, working carefully with IGI’s administration staff and Blackstone to proceed to assist the expansion of IGI’s footprint and technological capabilities.
“Roland and the Lorie household have left a long-lasting legacy for the enterprise, which right this moment has grow to be a world chief within the certification of pure diamonds, lab-grown diamonds, and colored stones. I’m assured that with Blackstone’s scale, experience, and observe document of constructing phenomenal companies, IGI can proceed to pave innovation within the business and supply confidence to producers, retailers and customers around the globe.”
Lorie, present CEO, added: “Deciding on Tehmasp as the brand new chief of IGI was easy – he has been with IGI for greater than twenty years and is aware of the enterprise in and out. He brings a dedication to excellence and innovation that may assist propel the corporate into its new chapter.
“On behalf of my household, we’re extremely happy with the stellar fame, groups, and belief that we’ve constructed during the last 50 years. I really feel it’s the right time to move on the baton to new management, and my greatest needs are with Tehmasp.”