Senior De Beers executive Varda Shine has announced she is leaving the group as of January 2014, to be succeeded by Paul Rowley as executive vice president of Global Sightholder Sales.
Rowley, who is currently senior vice president of midstream operations for Global Sightholder Sales, joined De Beers in 1983 and has filled a variety of senior positions in the organisation. He has served on both the DTC Botswana and Namibia DTC boards, from which Shine will also step down on her departure.
Philippe Mellier, CEO of De Beers, said: “Varda’s contribution to De Beers has been immense over three decades with the business. I am delighted to have a successor with Paul’s expertise in diamonds and experience in Africa to take Global Sightholder Sales forward – he will provide excellent continuity of leadership as the business settles in its new home”.
Shine said: “I am very proud of all I have achieved with De Beers, both on the commercial side as well as establishing beneficiation at the heart of the organisation. I believe that De Beers has a very bright future in southern Africa and Paul has all the right ingredients to take the business on to further success.”
Rowley added on his appointment: “I am very excited to take up this new role. It will be a privilege to work more closely with our sightholders, who are among the world’s leading.”