De Beers Consolidated Mines boss to step down

Before taking the role of managing director at DBCM, Noko was general manager of Kimberley Mines

De Beers Consolidated Mines (DBCM) managing director David Noko will step down from his role at the end of March after eight years with the company.

Noko, who was previously general manager of Kimberley Mines, said: “The time is right for me to step aside. I have confidence in the future of DBCM – the company has demonstrated resilience in the face of the recession, and is emerging ready for the next stage in its evolution. The young talent we have developed throughout DBCM, and our relentless focus on a Zero Harm safety standard and continuous business improvement, have positioned the company well for the future.”

Barend Petersen will be appointed acting chief executive of DBCM, De Beers’ South African mining entity, from the beginning of April until a permanent chief executive is found. Petersen is a chartered accountant, a non-executive director of Anglo American South Africa and a stakeholder in black empowerment company Ponahalo Investment Holdings which has a 50% stake in Ponahalo, which in turn owns 26% equity interest in DBCM.

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Petersen has worked closely with De Beers over the past decade and is chairman of the group’s Environment, Community, Health and Safety Committee and a non-executive director of DBCM holding company De Beers Société Anonyme.

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