De Beers announced on 10 October that Bruce Cleaver will step down from his role of CEO in early 2023 and will be succeeded by Al Cook, who is currently executive vice president of international exploration and production at Norway-based energy company Equinor.
Bruce Cleaver will become co-chairman of De Beers alongside Duncan Wanblad, who is also CEO of parent company Anglo American.
During his six-year tenure, Cleaver has led the business’s transformation across the value chain. The group has redesigned supply agreements with sightholders to enhance the efficiency of rough diamond distribution; integrated the organisation’s downstream businesses; created Tracr™, the world's only distributed diamond blockchain that starts at the source; launched the Lightbox lab-grown diamond business; and established and embedded the Building Forever sustainability framework as part of its core strategy.
Duncan Wanblad said: “Cleaver has led De Beers with distinction, evolving the company’s strategic vision to ensure that consumers ’desire for diamond jewellery is at the very heart of decision making across the diamond pipeline, while leading a safety transformation to ensure employee safety and wellbeing are recognised as the first priority and a shared responsibility. He has successfully expanded De Beers ’horizons for the longer term and reinforced the company’s unquestioned leadership position.”
17-10-2022
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