Paul Rowley accepts vice president’s role in global sightholder sales.

De Beers Group has announced that its executive vice president of Global Sightholder Sales Varda Shine will step down from the organisation at the end of January 2014.

Shine began her 30-year career with De Beers in Israel in 1983, before becoming production manager for DTC (now Global Sightholder Sales) in London in 1997.


She has held the role of executive vice president of Global Sightholder Sales since January 2006, where she has led the establishment of the Sightholder Services Network, with the formal creation of the government joint ventures, DTC Botswana and Namibia DTC, as well as the De Beers-owned Sightholder Services South Africa.

She is set to be succeeded by Paul Rowley, current senior vice president of Midstream Operations for Global Sightholder Sales.

De Beers chief executive Philippe Mellier said: “Varda’s contribution to De Beers has been immense over three decades with the business and I would like to thank her wholeheartedly for her tireless commitment to the success of De Beers, its partners and the wider diamond industry.

"I am delighted to have a successor with Paul’s expertise in diamonds and experience in Africa to take Global Sightholder Sales forward – he will provide excellent continuity of leadership as the business settles in its new home."

Shine will also step down as chairperson of the DTC Botswana board and deputy chairperson of the Namibia DTC board with successors to be announced in due course.

Shine said of her departure: “I am very proud of all I have achieved with De Beers, both on the commercial side as well as establishing beneficiation at the heart of the organisation. I have really enjoyed working with our Sightholders over the years, witnessing their businesses transform, and with our government partners in the establishment of the DTC Botswana and Namibia DTC joint ventures and in managing the relocation of the Global Sightholder Sales operations from the UK to Botswana. I believe that De Beers has a very bright future in southern Africa and Paul has all the right ingredients to take the business on to further success”.

Rowley joined De Beers in 1983 and has filled a variety of senior positions in the organisation, serving on both the DTC Botswana and Namibia DTC boards. He was also acting CEO of DTC Botswana prior to his current role. His earlier experience also includes key account management, rough diamond purchasing in various African diamond producing countries and heading the Global Sightholder Sales Diamond Division.

He said: “I am very excited to take up this new role. I have been fortunate enough to have worked all over southern Africa, forming strong relationships with our government partners, and to have built up decades of experience with rough diamonds. It will be a privilege to work more closely with our Sightholders, who are among the world’s leading diamantaires, and I look forward to starting a new chapter for Global Sightholder Sales in Botswana."


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