According to reports, Edward Wayne Malouf has been appointed as President of Diamond Fields, the marine mining company, Malouf will join the company effective January 1, 2008, and would be succeeding the current President and CEO Roger Daniel. Malouf's appointment was effected by Daniel’s decision to step down effective December 2007. Daniel completed tenure of two years as a CEO, and a total of six and a half years at Diamond Fields.