Gareth Penny

Gareth Penny is the CEO of AMG Mining Ltd. This is a world leader in the mining and marketing of critical metals and minerals. AMG’s operations include CIF, one of the world’s largest tantalum/niobium producers (based in Brazil), Sudamin – Europe’s largest producer of antimony trioxide, and an 88% interest in Graphit Kropfmühl, a leading, listed graphite producer (based in Germany).

Gareth serves on the Senior Advisory Board of TowerBrook Capital Partners (TCP), a leading New York- and London-based investment firm. He is also a non-Executive Director of Julius Bär Holding Limited, the largest, listed dedicated wealth manager in Switzerland.

Gareth is the Vice Chairman of the Botswana Economic Advisory Committee to the President and has been a regular visiting Lecturer at the London Business School’s MBA and Sloane programmes.

Previously, Gareth spent 22 years 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 have generated significant diamond industry demand growth.

Gareth was voted Person of the Year in 2003, by the authoritative jewellery industry magazine JCK (Jewelers Circular Keystone), and holds Honorary Life Membership of the London Diamond Club and Bourse.

Educated at Diocesan College (Bishops) in Cape Town and at Eton College, Gareth was a Rhodes Scholar at Oxford, graduating with a Masters in Philosophy, Politics and Economics. Gareth is married to Kate and they have two children.

References

• De Beers Group Directorate