Monday 5 March 2012

Debswana announces board changes

Mmegi: "Debswana is 50-50 joint partnership between the Botswana government and De Beers. In the rotation arrangement, the permanent secretary to the president, Eric Molale who has been a Debswana director since 2003, has come back as chairman of the board with Nicky Oppenheimer as his deputy. Molale previously chaired the board in 2008-2009. The chairmanship of the board rotates every two years between the two shareholders.In other changes, Gareth Mostyn and Bruce Cleaver have been appointed as directors of the company by the shareholders. Mostyn was recently appointed the new De Beers chief financial officer. Cleaver is the director, strategy and new business at De Beers. Other members of the Debswana board include; S.H. Brennan, P.J.C. Mellier, L.K. Mohohlo, Dr. A.L. Molokomme, D.N. Moroka, B.B. Paya, S.M. Sekwakwa and L.R. Smart,"

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