Trafigura Prepares for CEO Handover to Gas Boss Richard Holtum [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Holtum, 39, a former British army captain who joined Trafigura in 2014, has been holding meetings with the heads of different commodities and their teams at Trafigura to discuss their trading books with them as he prepares to step into the role, according to people familiar with the matter, who asked not to be identified discussing private information. He will become the third CEO in Trafigura's 31-year history, after Weir took over in 2014 from founder Claude Dauphin, who remained chairman until his death the following year. The company is planning to make an announcement as soon as next week, the Financial Times reported earlier. The change comes at a time of wider flux 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 announced a series of changes in its top ranks in the past two years, including a major reshuffle and th
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