RAPAPORT… De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and executive director at UK-based Spirax-Sarco Engineering.
Patel joined De Beers parent company Anglo American in 2012 as group head of corporate finance. He moved to the diamond miner in 2016 as CFO, becoming a member of its executive committee and board.
“Nimesh has worked closely with me and as part of our executive team to develop and implement our compelling growth and innovation strategy,” De Beers CEO Bruce Cleaver said Thursday. “He has built a strong finance team and led a transformation of our finance processes and systems, leaving the function well positioned for the future.”
De Beers will make an announcement about Patel’s successor in due course, the company said.
Image: Nimesh Patel. (Joe McGorty/De Beers)
De Beers CFO to Leave Company
The Bottom Line
- Nimesh Patel, De Beers CFO since 2016, will depart on July 26 to become CFO and executive director at Spirax-Sarco Engineering.
- Patel joined Anglo American in 2012 and transitioned to De Beers as CFO, contributing to growth and innovation strategies.
- De Beers praised Patel for transforming finance processes and building a strong finance team; a successor announcement is pending.
More Stories
Podcast: The Importance of Origin
Antwerp’s Paul Chieveley-Williams discusses fancy-color diamonds.
Lab-Grown Organization Strikes Back at CIBJO
Diamond Producers Council threatens action against jewelers who “deceptively use the term synthetic.”
GIA Analyzes Atypical Color Center in Natural Diamond
5.22-carat, pinkish-brown stone displays unusual absorption features.
