Home Strategy Marketing BREAKING | After 18 years Ivan Glasenberg to retire from Glencore in...

BREAKING | After 18 years Ivan Glasenberg to retire from Glencore in 2021

Ivan Glasenberg, the CEO of Glencore International.

Sergei BobylevTASS via Getty Images

Glencore CEO Ivan Glasenberg will retire from one of the world’s biggest coal producers in the first half of 2021, after a 36 year stint at the mining company.

On Friday, Glencore announced that the South African Glasenberg will be succeeded Gary Nagle who is the current head of the miner’s coal division. Nagle will move from Australia next year to Switzerland to join Glasenberg, as part of his transition into the role.

Glencore chairperson, Tony Hayward lauded Glasenberg, who has been CEO since 2002 for his efforts in growing the mining company.

“What he has achieved is unique, his vision created two of the world’s largest mining companies – Glencore and Xstrata,” said Hayward in a statement.   

With regards to Nagle’s appointment, Hayward said the board had been working with Glasenberg over the past two years, on the company’s succession plan. 

“The fact that each department has promoted from within the group is a credit to the work done to ensure there is strength in depth,” added Hayward.

He explained that Nagle had been on the board’s “radar” for a number of years. 

“We are confident he has the right skillset and qualities to lead the Glencore of tomorrow,” Hayward said.

We live in a world where facts and fiction get blurred

In times of uncertainty you need journalism you can
trust. For only R75 per month, you have access to
a world of in-depth analyses, investigative journalism,
top opinions and a range of features. Journalism
strengthens democracy. Invest in the future today.

Source link

Must Read

Socialist-Themed Vegan Food Company Lays Off Workers Without Notice Or Severance

A self-described socially conscious vegan food manufacturer laid off its entire production staff in North Carolina on Friday, infuriating workers who said the...

Will Hong Kong’s New Film Censorship Law Kill Off Local Production?

In 1988, Hong Kong passed a Film Censorship Ordinance that updated previous guidelines governing film...

Overseas Manufacturing.

How many of you know what “deep six” means? How many of you have used...

Global Law and Business Podcast – Joe McCall (Ireland)

Listen HERE or stream on Spotify, Apple Podcasts, Amazon Music, Stitcher, or Soundcloud! At Harris Bricken, we keep close tabs on what is...

Translation: Gwyneth Ho on the Meaning of June Fourth to Hong Kong

Gwyneth Ho Kwai-lam is one of 47 Hong Kong pro-democracy activists charged with subversion under the National Security Law for running in a...