Anglo American (LON:AAL) has announced the appointment of Bruce Cleaver as CEO of the De Beers Group following Philippe Meillier’s decision to step down after five years.

Mark Cutifani, CEO of Anglo American and Chairman of De Beers, said:

Together with our partners in De Beers, we congratulate Bruce Cleaver on his appointment as CEO of De Beers following Philippe Mellier’s decision to step down. Bruce’s leadership of De Beers’ strategy and its commercial and government relationships working alongside Philippe and over much of the last decade, combined with his time working with us to shape the new Anglo American strategy, provide strong continuity at an important stage in the diamond market’s recovery. The structural dynamics of the diamond market continue to improve, led by the strength of consumer demand for diamond jewellery. With the proven management team in place, De Beers is well positioned to maximise value for all its stakeholders across the diamond value chain.

As quoted in the press release:

Bruce Cleaver served as De Beers’ executive director responsible for strategy and commercial relationships until 2015, also serving as Co-Acting CEO for a year prior to Philippe Mellier’s appointment in 2011. He was appointed Group Director of Strategy and Business Development for Anglo American in 2015.

Click here to read the full press release.

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