Anglo American's De Beers has appointed oil and energy industry executive Al Cook as its new chief to replace Bruce Cleaver, who steps down after eight years at the helm of the world's top diamond producer.
De Beers has appointed oil and energy industry executive Al Cook as its new chief to replace Bruce Cleaver, who steps down after eight years at the helm of the world's top diamond producer., Europe's top gas supplier, where he held an executive vice-president position, responsible for the firm's international portfolio ranging from Algeria, Tanzania and Angola to Brazil and Argentina.
Before Equinor, British-born Cook worked as chief of staff for BP's CEO Bob Dudley, with a energy career spanning over 25 years."I look forward to working closely with De Beers' people, customers, governments and other stakeholders to ensure that De Beers continues to lead the industry and deliver sustainable and purpose-driven value," Cook said in a release.
Cleaver will become co-chairman of De Beers Group. He took the top job in 2016, after sales stagnated due to a slowdown in the Chinese economy. Cook takes on the role at a delicate time for the luxury industry, as consumers' discretionary income in key markets such as the United States and China has been hit by inflation and the rising cost of living.first half, up by 55% from last year, partly spurred by increased business as Western sanctions placed Russia's state-backed global producer Alrosa
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