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De Beers CEO Resigns After Five Years at the Helm

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Replacement to take over on July 1.

Philippe Mellier has resigned as CEO of De Beers and will be succeeded by Bruce Cleaver, who will take the reins on July 1, according to Rapaport. The article says that Mellier steps down from the position five years after he joined the diamond mining company. The change, the article adds, comes after Martin Rapaport called on Mellier to resign last November, “arguing the company’s refusal to lower rough prices was ‘destroying’ the diamond trade. De Beers later claimed rough prices declined 15 percent during 2015.”

Read more at Rapaport

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