OTHER

De Beers undergoes leadership change

Al Cook is to take on the role as CEO while Bruce Cleaver moves to co-chairman

This article is 3 years old. Images might not display.

Anglo American's diamond business De Beers is undergoing a leadership shake-up which will see 20-year BP veteran Al Cook take the role of CEO with a focus on sustainable value, while the incumbent in the role, Bruce Cleaver, will move to co-chairman.

"Al Cook brings more than 25 years of international leadership experience, gained predominantly at BP and Equinor, most recently leading Equinor's multi-billion dollar E&P business across Africa, the Americas and Europe," Anglo American chief executive and chairman Duncan Wanblad said.

Cook also led Equinor's global strategy and business development, including its net zero strategy.

The incoming CEO said he is passionate about bringing "enduring economic, social and environmental value" to host countries and communities.

"I believe Al's multi-disciplinary strategic skillset and strong personal conviction and values are ideally suited to the nature of De Beers, a global business that spans much of the spectrum from exploration and mining to Bond Street and Madison Avenue," Wanblad said.

Cook's two-decade career at BP spanned a number of corporate, commercial and operational and major project development roles, including serving as chief of staff to the CEO, the company said.

Cleaver will be stepping back to the non-executive role after six years as CEO.

"Bruce has successfully expanded De Beers' horizons for the longer term and reinforced the company's unquestioned leadership position, exemplified by De Beers' Building Forever sustainability framework to ensure an enduring positive diamond legacy," Wanblad said.

Cleaver said he looks forward to working closely with Cook and the leadership team.

The changes are to take effect from early 2023.

Anglo American's share price was down 0.78% at £27.52 (US$30.37) on 10 October.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.