Rechercher dans ce blog

Monday, July 5, 2021

Glencore Names New Chairman to Complete Leadership Overhaul - Bloomberg

nnnindonesia.blogspot.com

Glencore Plc, the world’s top commodities trader, named mining veteran Kalidas Madhavpeddi as its new chairman, completing a raft of leadership changes at the company.

Madhavpeddi has worked in the mining industry for more than 40 years, including spending a decade as CEO of China Molybdenum International. Glencore gains a new chairman with extensive experience of working in the Democratic Republic of Congo, home to some of the company’s most important mines, and someone who has worked closely with China for years.

relates to Glencore Names New Chairman to Complete Leadership Overhaul

Kalidas Madhavpeddi

Source: Glencore Plc

The latest appointment concludes the overhaul of Glencore’s top management over the past few years. Tony Hayward’s departure as chairman, which was flagged earlier this year, comes just one week after Gary Nagle replaced billionaire Ivan Glasenberg as chief executive officer.

The new chairman joins as Glencore navigates an array of challenges. The company is facing several probes, including from the U.S. Department of Justice for possible money laundering and corruption, while questions also continue about the future of its sprawling coal business.

Hayward, the former CEO of BP Plc, has been chairman since 2013, a period longer than recommended under U.K. governance code. Still, the board had extended his stay to oversee the wider management changes.

“I am very pleased that the board has appointed Kalidas as my successor,” Hayward said in a statement Monday. “His history of working in the resources industry and familiarity of operating across the globe provides excellent experience for this appointment.”

Madhavpeddi, who joined Glencore’s board last year, also spent more than 25 years at U.S. miner Phelps Dodge, and is currently a non-executive director at Novagold Resources Inc. He will start as Glencore chairman at the end of this month.

(Updates with new chairman’s experience in second paragraph)

    Adblock test (Why?)



    "complete" - Google News
    July 05, 2021 at 01:08PM
    https://ift.tt/3yppGKW

    Glencore Names New Chairman to Complete Leadership Overhaul - Bloomberg
    "complete" - Google News
    https://ift.tt/2Fvz4Dj
    https://ift.tt/2YviVIP

    No comments:

    Post a Comment

    Search

    Featured Post

    Côte-Saint-Luc first responders fundraise for colleague on life support in Barbados - CBC.ca

    nnnindonesia.blogspot.com First responders in Côte-Saint-Luc are worried and heartbroken after their colleague, volunteer Clifford Jordan, ...

    Postingan Populer