Gareth Penny

Who is Gareth Penny?

Gareth Penny is Executive Chairman of New World Resources plc., one of Europe’s leading hard coal and coke producers, listed on the London, Prague and Warsaw stock exchanges. He provides leadership at Group level for the Company’s overall growth, development and performance, directing the execution of the Company's strategy through the operating subsidiary management teams.

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

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 Sloan 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.