The Board of De Beers s.a. have announced that Mr. Gareth Mostyn has been appointed as the company’s Chief Financial Officer (CFO) . He will also be appointed to the Board of De Beers s.a. Moving from Anglo American plc, he will assume his new role effective February 1, 2012, based out of London and report directly to Philippe Mellier, De Beers Group CEO.

A qualified Chartered Accountant, Mr. Mostyn carries his wide experience in corporate and operational finance experience to De Beers, having led various key transactions at Anglo American, its capital management, and overall financial strategy. At an operational level, he has worked closely with Anglo American’s global business units, focusing on major capital projects and organisational alignment, with substantial experience in South Africa. Also, he developed a good understanding of the De Beers Group, through the development of mining projects in southern Africa and Canada, and through De Beers’ refinancing process. Prior to his tenure at Anglo American, he spent 12 years with The BOC Group plc (latterly a member of The Linde Group), a leading global gas and engineering company.

Mr. Mellier said, “I am pleased to be able to add Gareth to De Beers’ management team. As CFO, Gareth will be instrumental in sharpening our strategic focus and helping to identify value creating opportunities.”

Mr. Mostyn commented, “I am grateful for the confidence placed in me by Philippe and De Beers’ shareholders. This is an exciting time for the diamond business and we have a unique opportunity in front of us to secure De Beers’ long-term leadership position in this changing market.”