De Beers Consolidated Mines Announces Leadership Changes

The De Beers Group announced Wednesday that David Noko, managing director of De Beers Consolidated Mines will step down after eight years with the company; four years as its managing director. He will leave at the end of March 2010.

The shareholders announced that Barend Petersen would be appointed acting CEO from the beginning of April 2010 while the process to appoint the permanent CEO is finalized.

Petersen is a chartered accountant with broad business and commercial experience. He is a non executive Director of Anglo American South Africa and also owns a stake in Ponahalo Investment Holdings. He is chairman of the Environment, Community, Health and Safety Committee (ECoHS) of De Beers Family of Companies, and is a non-executive director of De Beers Société Anonyme, the holding company of the De Beers Group and of De Beers Consolidated Mines.