Gareth Penny

Gareth Penny is the former CEO of the De Beers Group. "Apointed after the retirement of Gerard Ralfe in February 2006.

"Mr. Penny began his career with Anglo American where he was responsible for the Anglo American and De Beers Small Business Initiative.

"He then joined Debswana as Project Manager for the construction and start-up phase of Teemane Manufacturing Company (now Diarough), a diamond cutting factory in Botswana.

"He then moved to the DTC Sales Department in London before returning to Johannesburg to take up the position of Personal Assistant to the Chairman of De Beers and the Anglo American Corporation. "In April 1996 Mr. Penny was promoted to the position of Diamond Consultant for Southern Africa, responsible for the sales of rough diamonds to the South African cutting industry.

"In January 1999 he was appointed Manager in charge of the De Beers Strategic Review after which, in 2001, he became the Director in charge of DTC sales and marketing activities, based in London,.

"He was appointed to the Board of De Beers Centenary in 2002 and to the Board of De Beers SA in April 2003. In July 2004 Mr. Penny was made the Managing Director of the Diamond Trading Company."


 * Chair, New World Resources
 * Director, OKD
 * Director, Julius Baer Holdings
 * Director, Namdeb Diamond
 * Senior Advisory Board, TowerBrook