Gareth Penny

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Gareth Penny
Norilsk Nickel’s Annual General Meeting of Shareholders 2016-06-10 08.jpg
Born (1962-12-24) December 24, 1962 (age 54)
Occupation Chairman

Gareth Penny is non-Executive Chairman of Norilsk Nickel, the world’s largest producer of nickel and palladium and one of the leading producers of platinum and copper. MMC Norilsk Nickel, the largest diversified mining and metals company in Russia, is listed on the Moscow Exchange.

Gareth is non-Executive Chairman of the Edcon Group, the largest non-food retailer in South Africa, with a clothing and footwear market share of nearly twice that of its nearest competitor.

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

Gareth is non-Executive Chairman of Pangolin Diamonds, an exciting diamond exploration company in Botswana, one of the world’s leading diamond producing countries. Pangolin is listed on the Canadian Exchange.

Gareth has been a regular visiting Lecturer at the London Business School’s MBA and Sloane programmes.

Gareth has worked in various forms of mining over the past three decades, and for 22 years he was with De Beers and Anglo American plc, 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 value creation for the company and the diamond industry.

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 Bourse and Club. On numerous occasions he has been included in the publication “South Africa’s Leading Business Managers”.

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


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