Anglo American have appointed Bruce Cleaver as CEO of diamond company De Beers, with Philippe Mellier stepping down after five years of service.
Cleaver role will take effect on July 1 2016.
He said he was honoured to be selected for the position, and emphasised the continued relevance of diamonds all over the world, after the miner was forced to cut diamond prices to stem the forecast slow down in the sector. Their prices dropped by nearly seven per cent.
“I look forward to working closely with all of our key customers, governments, and other stakeholders to ensure that De Beers continues to lead the industry into a new and exciting phase,” Cleaver said.
Mark Cutifani, chief executive of Anglo American and chairman of De Beers, said Cleaver’s leadership of the company’s strategy will bring strong continuity during an important stage of the diamond market’s recovery.
He went on to applaud Mellier’s leadership of the company during volatility in the diamond market.
Mellier said he was privileged to have worked with the company, adding, “Having steered through some of the diamond industry’s toughest times and with the market showing signs of recovery, now is the right time for me to pass the baton to the next generation.”
“I have worked closely with Bruce Cleaver throughout and I have no doubt about his abilities and experience to lead De Beers on the next stage of its journey as the world’s leading diamond company.”
Prior to the role, Cleaver was group director of strategy and business development at Anglo American, and was previously responsible for strategy, business development, corporate affairs, and technology at De Beers. He also served as co-acting CEO for a year before Mellier’s appointment in 2011.