Will Botswana support Shine for De Beers top post?

Friday, July 30, 2010

While a minority shareholder, Botswana's position in the 17-member De Beers board could become pivotal should any friction arise over the appointment of Gareth Penny's successor as CEO, BusinessWeek has established.

International media reports finger Diamond Trading Company CEO Varda Shine, De Beers' Finance Director Stuart Brown, Commercial Director Bruce Cleaver and Jonathan Oppenheimer as front-runners in the race to succeed Penny.

The former CEO, whose resignation was announced last Friday, will continue serving the diamond giant until September. Brown and Cleaver will act as interim joint CEOs while a replacement is finalised.

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Will Botswana support Shine for De Beers top post?

While a minority shareholder, Botswana's position in the 17-member De Beers board could become pivotal should any friction arise over the appointment of Gareth Penny's successor as CEO, BusinessWeek has established.

Relay team hunts elusive gold

Nico launch late Houdini act

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UB Rhinos on the charge

Ditlhokwe returns after long term injury

Stakeholders must step up veggie supply