Industry News by Nemesis

De Beers Reshuffles Executive Committee

December 11, 2017

De Beers Group has made three changes to its Executive Committee as it seeks to maximise the performance of its core activities, while seeking new opportunities and ensuring its partnerships deliver long-term. 


It said in a statement that Neil Ventura, currently executive vice-president, Auction Sales, would become executive vice-president, strategy and innovation, while Paul Rowley, currently executive vice-president, global sightholder sales, would become executive vice-president, diamond trading. 


Alessandra Berridge, currently lead legal counsel for M&A at Anglo American, would also become executive vice-president, commercial and partnerships. 


Ventura, said the group, was expected to “leverage De Beers’ leading market insight and technologies to rapidly shepherd new ideas from concept to implementation”, while Rowley “lead a newly consolidated diamond trading function encompassing Sightholder Sales and Auction Sales”. 


It said Berridge would also lead a new function focused on managing De Beers’ commercial ventures and partnerships, including the organisation’s joint ventures with the governments of Botswana and Namibia. 


“Our sustained success as a business will require us to maximise the performance of our core activities, while seeking new opportunities and ensuring our partnerships deliver long-term, mutual success,” said De Beers chief executive Bruce Cleaver. 


“With these changes to our Executive Committee, we continue to shape a successful future for De Beers and its partners.” 

 

Source: Rough-Polished

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