Bruce Cleaver has served as De Beers CEO for the past six years and will soon be succeeded by Al Cook.
Cleaver will move into the position of co-chairman of De Beers, working alongside current chairman and Anglo American CEO Duncan Wanbald.
“It has been a tremendous privilege for me to lead such an iconic company as De Beers with its rich history, great people and culture, and truly unique product offering,” Cleaver said.
Incoming CEO Al Cook is executive vice president of exploration and production international for Equinor ASA, the Norway-based global energy company. Prior to that, he had a 20-year career with multinational oil and gas company BP.
“I deeply recognise the importance of De Beers' approach to responsible mining – most notably in Botswana, Namibia, and South Africa,” Cook said. “It is our responsibility to work with the industry on continuing to fulfil the true promise of diamonds.”
De Beers is the world’s largest diamond mining company by value, with operations in Botswana, Namibia, South Africa, and Canada. The company recently published the results of its eighth sales cycle for the year, achieving $US500 million in sales. De Beers completes ten sales cycles each year.
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