Anglo American’ s new CEO to fulfil role immediately.
De Beers Group has announced the appointment of Anglo American chief executive Mark Cutifani as its chairman.
Cutifani said of his appointment: “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.”
Cutifani has fulfilled the role of chairman with immediate effect. He has been chief executive at Anglo American since April, joining the business from South African gold producer AngloGold Ashanti after seven years at the helm.
De Beers chief executive Philippe Mellier said: “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.”