Glencore’s new guard puts accent on managing assets [FT.com - Mergermarket]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: FT.com - Mergermarket
Glencore’s new guard puts accent on managing, not trading, assets | Financial Times Neil Hume David Sheppard June 5, 2019 Print this page The departure of ’s top oil executive Alex Beard’s retirement later this month comes as the company struggles to extract itself from a regulatory probe. His exit adds to a string of recent departures from the upper echelons of , including its copper kingpin Telis Mistakidis, Stuart Cutler, the head of ferroalloys trading and Chris Mahoney, the former Olympic rower who ran its agricultural business. Only four of the senior executives who oversaw ’s $60bn blockbuster initial public offering in 2011 will still be at the company at the end of the month. They are still led by chief executive , who has said he plans to retire within five years and pass on the baton to the next generation. The break-up of the so-called billionaires boys’ club The situation at does seem to be slowly changing, but they have a lot more to do to regain investors’ trust Natas
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