Diamond miner De Beers on Monday said it has appointed Philippe Mellier as the company’s new Chief Executive Officer to replace Gareth Penny, who left the group almost a year ago.
The Chairman of the De Beers Board, Nicky Oppenheimer, said in Philippe, who is French, they have found a proven leader with a reputation for delivering results while shaping businesses for the long-term.
“De Beers is fortunate to have the world’s premier diamond experts ÔÇô from exploration to mining and from sales to marketing ÔÇô which enabled us to focus on finding the best leader for De Beers’ future,” Oppenheimer said on Monday.┬á
“I was impressed by Philippe’s track record, which made it clear that he was the right fit for a company with the heritage of De Beers and a product with the magic of diamonds.”
Mellier, currently the President of Alstom Transport and Executive Vice President of Alstom s.a., was selected after a wide-ranging search.┬á He will formally join De Beers in July and will chair the company’s Executive Committee and be appointed to the De Beers s.a. Board.
As President of Alstom Transport, Mellier oversaw a growing business with sales of almost Ôé¼6 billion during the last fiscal year.27,000 employees and earned a strong reputation for delivering large capital projects, working with partners and opening new markets.┬á
“With several large upstream projects underway and the rapid emergence of major downstream markets, De Beers stands on the cusp of an exciting new period of growth.┬á To seize this moment, we were determined to find a leader with a world class track record of delivering large projects, understanding the needs of key stakeholders including government partners and clients, and an instinct for shifting consumer patterns.┬á I am excited by the dynamism and fresh perspective that Philippe will bring to De Beers,” said Oppenheimer.
Mellier said, “De Beers is a unique company with a rich legacy that stretches through history and across an industry.┬á With such strong assets and passionate people, I am honoured to be asked to lead De Beers at this exciting time.┬á I take on this role with humility, enthusiasm and two fundamental beliefs ÔÇô the safety of our people will always be paramount, and the diamond dream will always be the bedrock of our business model.”
Cynthia Carroll, Chief Executive of Anglo American, De Beers’ largest shareholder, commented on the appointment, “De Beers delivered a strong operational performance in 2010 following the success of the company’s major restructuring.┬á I am confident that Philippe will now lead the company to its next stage of growth, with steadily increasing consumer demand and several exciting projects to secure additional future supply.”
