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Stock impact report

Trafigura Names Gas Boss Richard Holtum as CEO From January [Financial Post (Toronto, Ontario, Canada)]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Trafigura Group has appointed gas, power and renewables head Richard Holtum as its new chief executive officer, replacing Jeremy Weir who will stay on as chairman of the commodity trading giant. Holtum, a 39-year-old former British army captain, will become CEO on Jan. 1, the company said in a statement. The announcement marks a stunning rise for Holtum, who joined Trafigura a decade ago and was little known outside of the world of gas and power when Bloomberg first reported earlier this year that he was in pole position to succeed Weir as CEO. The change comes at a pivotal moment for Trafigura, which is owned by about 1,400 of its top employees and vies with Vitol Group and Glencore Plc for the title of the world's biggest commodity trader. The company has never been more powerful, but is facing a number of challenges: it has seen a wave of senio Show less Read more
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