GARETH PENNY

Mr. Penny is Chair of Norilsk Nickel, the world’s leading producer of nickel and palladium. He is Chair of the Edcon Group, South Africa’s largest non-food retailer.

Mr. Penny is a Director and RemCo Chair of Julius Bär Group, a listed Swiss private bank. He is the founder of Amulet Diamond Corporation, a private diamond mining company, and is Chair of Pangolin Diamonds, a diamond exploration company in Botswana, the world’s largest producer of diamonds.

In 2016 Gareth was awarded Russian Chair of the Year, with particular reference to his contribution to improvements in corporate governance.

Gareth has worked in various forms of mining over the past three decades. For 22 years he was with De Beers and Anglo American, the last five of which he was Group CEO of De Beers. During his tenure, Gareth was instrumental in reshaping not only the world’s largest diamond company, but also the diamond industry. He was the prime architect in the change to the De Beers business model, which replaced over 100 years of supply-side management in the rough diamond business, with demand-driven initiatives that generated significant value creation for the company and the diamond industry.

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