World Gold Council Appoints David Lamb to Lead Marketing of Gold Jewelry

NEW YORK, May 24, 2010 /PRNewswire/ -- The World Gold Council (WGC) today announced the appointment of David Lamb as its Managing Director, Jewelry, to be effective 1 July 2010. Mr. Lamb, who will be based in New York, will have overall responsibility for the strategic development of the gold jewelry market worldwide with a particular focus in building the premium market in the U.S. He will be a member of the WGC's Leadership Team and will report directly to Aram Shishmanian, CEO of the WGC.

Prior to his appointment to the WGC, Mr. Lamb was an Executive Director of the Diamond Trading Company, the sales and marketing arm of De Beers, as Worldwide Marketing Director and subsequently Chief Strategy Officer. There he was widely credited with significantly increasing consumer demand for diamond jewelry, principally through a series of powerful global innovations, such as the Trilogy concept ("For your past, your present, your future"), which he devised. Previously Mr. Lamb had spent more than 20 years at leading international advertising agencies, notably JWT Worldwide where he was Executive Vice President and held various leadership positions including Head of Worldwide Account Planning and finally Head of Multinational Clients.

"We are delighted to welcome David to the World Gold Council as he has a proven track-record of break-through thinking and creativity, which will be of particular value to the WGC and its partners in jewelry markets around the world. I am sure his vision and depth of experience will help re-invigorate the premium gold jewelry market in the United States and guide the continued growth of the markets in China, India and the Middle East," said Aram Shishmanian, CEO of the WGC.

"I am tremendously excited by this challenge," said Mr. Lamb. "In a world where consumers are moving towards a deeper involvement with fewer, better things, gold is uniquely placed to define what is truly precious."

In addition to his global responsibility for jewelry, Mr. Lamb will assume the U.S. jewelry responsibilities of the departing U.S. Managing Director, John Calnon, who recently retired after more than 15 years with the company. During his tenure, Calnon occupied a series of senior leadership positions in the WGC. "We thank John for his many years of service and contributions to the organization and wish him all the best in retirement," said Mr. Shishmanian.

Notes to editors:

World Gold Council

World Gold Council's mission is to stimulate and sustain the demand for gold and to create enduring value for its stakeholders. It is funded by the world's leading gold mining companies. For further information visit http://www.gold.org

For further information please contact:

David Schraeder, MS&L Worldwide on +1-646-221-0108, or e-mail [email protected]

SOURCE The World Gold Council

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