Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


LONDON (Reuters) -Anglo American’s De Beers has appointed oil and energy industry executive Al Cook as its new chief to replace Bruce Cleaver, who steps down after eight years at the helm of the world’s top diamond producer.

Cook joins at the start of 2023 from Norway’s Equinor, Europe’s top gas supplier, where he held an executive vice-president position, responsible for the firm’s international portfolio ranging from Algeria, Tanzania and Angola to Brazil and Argentina.

Before Equinor, British-born Cook worked as chief of staff for BP’s CEO Bob Dudley, with a energy career spanning over 25 years.

I look forward to working closely with De Beers’ people, customers, governments and other stakeholders to ensure that De Beers continues to lead the industry and deliver sustainable and purpose-driven value,” Cook said in a release.

Cleaver will become co-chairman of De Beers Group. He took the top job in 2016, after sales stagnated due to a slowdown in the Chinese economy.

Cook takes on the role at a delicate time for the luxury industry, as consumers’ discretionary income in key markets such as the United States and China has been hit by inflation and the rising cost of living.

Still, De Beers posted a profit of $944 million in the

first half, up by 55% from last year, partly spurred by increased business as Western sanctions placed Russia’s state-backed global producer Alrosa off limits.

To that end, De Beers has deployed a blockchain platform to register and track rough diamonds each time they change hands from the moment they are sold to middlemen up to the retail stage, as Western customers want assurance that their purchases do not come from Russia.

(Reporting by Clara Denina and Dmitry Zhdannikov, Editing by Louise Heavens)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts