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Board of Directors / Gareth Penny 

Gareth Penny

Executive Chairman of the Board, NWR

Gareth Penny was appointed as a Director and Chairman-Elect of the Company with effect as of 3 September 2012. As of 1 October 2012, he has replaced Mr. Salamon as Executive Chairman of NWR. He is also an executive director of NWR NV. He has been a member of the board of directors of OKD since 1 October 2012. Mr. Penny also serves as a non-executive member of Julius Baer Holdings Limited, a member of the Advisory Board of TowerBrook Capital Partners and occupies the pro bono position of vice chairman of the Botswana Economic Advisory Committee. He has extensive experience of the international mining industry. In March 2013 Mr. Penny became a non-executive chairman of OJSC MMC Norilsk Nickel, a Russian listed mining company. Over his 25 years 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 in the exploration, development and expansion of resources.

Between 2006 and 2010. Mr. Penny served as 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 The Oxford University, UK, with a Master of Arts (M.A.) in Philosophy, Politics and Economics.

(South African, 24 December 1962)