De Beers CFO to Leave Company

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)