As of 1 October 2012, Gareth Penny became Executive Chairman of NWR. He also served as executive director of NWR NV until his resignation on 20 January 2016. He has been a member of the board of directors of OKD since 1 October 2012. In March 2013, Mr Penny became non-executive chairman of OJSC MMC Norilsk Nickel, a Russian listed mining company. Mr Penny also serves as a non-executive director of Julius Baer Holdings Limited, a member of the Advisory Board of TowerBrook Capital Partners and is the vice chairman of the Botswana Economic Advisory Committee. He has considerable experience of the international mining industry. Over his 25 year career, Mr Penny has developed deep experience of many aspects of mining at Anglo American, De Beers and AMG. Through his involvement at operational level he has gained extensive knowledge in the exploration, development and expansion of resources.
Between 2006 and 2010, Mr Penny served as group chief executive of De Beers, the world’s leading diamond mining business, and developed a strong track record for shareholder value creation as a result of both a clear strategic insight and the ability to manage change. Mr Penny became a member of the board of De Beers in 2003, having worked for the De Beers Group since 1991. Prior to joining De Beers Group, Mr Penny worked for the Anglo American Corporation in Johannesburg. Mr Penny graduated in 1985 from Oxford University, UK, with a Master of Arts (M.A.) in Philosophy, Politics and Economics.
(South African, 24 December 1962)