The Board of De Beers Société Anonyme announced that Mark Cutifani, Chief Executive of Anglo American plc, has been appointed Chairman of the De Beers Group. This appointment takes effect immediately.

On his appointment Mr Cutifani commented, “I am honoured to join and lead the De Beers Board. 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.”

Mr Mellier, CEO of De Beers Group, added, “De Beers is delighted to gain a Chairman with Mark’s operational experience and track record for leading large organisations.” While further appreciating Mark as a highly, Mr Mellier added that, “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.”