Trafigura's New Boss Is Ex-Soldier Who Says Profit Comes First [Financial Post (Toronto, Ontario, Canada)]
ENI S.p.A. (E)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A couple of months ago, the man in line to be Trafigura's next chief executive officer, Richard Holtum, gathered the commodity trader's staff in Singapore. His message was a simple one, according to several people who were there: it's time to set aside distractions and focus on what's most important — making money. The address, with its echoes of Gordon Gekko's famous “Greed is good” speech in the film Wall Street, was typical of Holtum, according to 11 people who have worked with him, who spoke to Bloomberg on condition of anonymity. After a spectacularly rapid ascent through the ranks of Trafigura, the 39-year-old is poised to become the third chief executive in the company's history. Little known outside Trafigura, people who have dealt with him describe him as ambitious and direct, with a razor-like focus on profits. Holtum joined Trafigura a decade ago through a
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