De Beers has appointed Al Cook to the top job at one of the world’s largest diamond producers, hiring externally from the oil and gas industry to replace Bruce Cleaver after seven years at the helm.
Cook, whose 25 years in the energy industry most recently included heading Norwegian oil major Equinor’s exploration and production business, will join as chief executive early next year, the diamond group said on Monday.
Cleaver will become co-chair after navigating a tricky period for the diamond industry in which he focused on introducing technology to prove the provenance of De Beer’s stones and revamping its sales agreements.
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