Forevermark Appoints New CEO

RAPAPORT… De Beers jewelry subsidiary Forevermark has promoted chief
operating officer Nancy Liu to CEO, as Stephen Lussier steps back.



She will take over the day-to-day running of the brand,
allowing Lussier, who has been CEO since 2009, to increase his focus on shaping
De Beers’ strategy at the consumer level, the company said last week. He will
also continue in his position as Forevermark chairman, and will oversee its
strategic role within the De Beers portfolio.


Liu joined Forevermark in 2008 as president of its
Asia-Pacific region. She was previously employed by L’Oréal, Louis Vuitton and
the Boston Consulting Group.


“[Liu is] an outstanding candidate to take over as CEO of
Forevermark,” said Lussier. “As the brand sees rapid growth in Asia, Nancy’s
exceptional expertise and knowledge of the region provides us with excellent
continuity.”


De Beers appointed Liu to its executive committee in 2017.

Image: Nancy Liu. (De Beers)