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The Board of De Beers has appointed Mark Cutifani, Chief Executive of Anglo American as Chairman of the De Beers Group.

Following his appointment, Cutifani commented, “I am honoured to join and lead the De Beers Board. The company’s 125 year heritage, experienced management team and unparalleled understanding of the unique nature of the diamond market, make it the world’s leading diamond company. From De Beers’ production and projects portfolio, to its iconic brand and proven ability to open new markets, the company is poised to capture the considerable opportunities in front of us as diamond demand outpaces supply for years to come. I look forward to working with the Board and continuing its support of the De Beers leadership team, headed by Philippe Mellier.”

Mellier, CEO of De Beers Group, added, “De Beers is delighted to gain a chairman with Mark’s operational experience and track record for leading large organisations. Mark is clearly a highly respected leader and the employees of De Beers join with me in welcoming him into a great company. I look forward to working with Mark as we find new ways to enhance De Beers’ leadership position across the diamond pipeline and create value for our shareholders, partners, customers and consumers.”

This appointment takes effect immediately.

Cutifani is a trained mining engineer and was CEO of AngloGold Ashanti, a position that saw him revitalise and restructure the global mining business. As a result he delivered significant business improvements across the board. He is a trained mining engineer and is the President of the SA Chamber of Mines.

 

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