Okavango Diamond Company (ODC), the rough diamond seller has appointed Marcus Ter Haar as its new Managing Director. He was previously the company’s deputy Managing Director.
According to the state-owned company, Ter Haar has worked for De Beers, Debswana and Diamond Trading Company Botswana in senior positions under divisions such as finance, sales and corporate functions among others.
He joined the company in 2013 when it officially opened its doors selling between 10-15 percent of rough diamonds produced from Debswana, a company owned by De Beers and Botswana government.
Ter Haar is also a board member of the Diamond Empowerment Fund, Wilderness Safari and Lady Khama trusts boards.
“The board of directors also wishes to acknowledge the outgoing Managing Director Toby Fears, having made a significant contribution in establishing ODC as a world class rough diamond trading company since its establishment,” said a press statement.
Meanwhile, Minister responsible for minerals, Sadique Kebonang has confirmed the appointment of Frears to Minerals Development Company Botswana (MDCB). The latter is responsible for managing government’s investments in all mineral entities in Botswana.