Succession Drama Grips Commodity Trading's Billionaire Factories [BNN Bloomberg (Canada)]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: BNN Bloomberg
players preparing a new generation of leaders at a moment of heightened scrutiny for the industry. Trafigura, a leading oil and metals trader, on Friday announced that two of its top executives would retire, leaving only Chief Executive Officer Jeremy Weir still in his position out of the trio who have run the company for the past decade. Read: Trafigura Power Broker Who Showjumped in Olympics Is Leaving People familiar with the matter say that Weir himself is also planning to seek a successor at some point in the not-too-distant future, probably in the first instance by anointing a new CEO and retaining the role of chairman — much as his mentor and company founder Claude Dauphin did a decade ago. Trafigura's head of gas and power Richard Holtum is currently in pole position for the CEO role, said the people, who asked not to be identified discussing private information. They cautioned that nothing is set in stone and the thinking could still change. Trafigura is not alone a
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