4 February, 2020
Glencore plc announces the appointment of Kalidas Madhavpeddi as an Independent Non-Executive Director of the Company with immediate effect.
Kalidas Madhavpeddi has over 30 years of experience in the international mining industry, including being CEO of China Molybdenum International (China Moly) from 2008 to 2018. He started his career at Phelps Dodge, where he worked from 1980 to 2006, ultimately becoming Senior Vice President responsible for the company’s global business development, acquisitions and divestments, as well as its global exploration programs. He was contemporaneously President of Phelps Dodge Wire & Cable, a global downstream fabricator of aluminium and copper for the motor, electrical and automotive industries.
Mr Madhavpeddi has degrees from the Indian Institute of Technology, Madras, India and the University of Iowa and has completed the Advanced Management Program at Harvard Business School.
Commenting on the new appointment, Tony Hayward, Chairman, stated:
“The Directors are extremely pleased to welcome Kalidas Madhavpeddi to our Board. Kalidas has extensive knowledge of the resources industry coupled with business experience across all continents, including over 10 years as the CEO of China Moly. His experience includes substantial involvement in operations and business dealings with both Phelps Dodge and China Moly in the Democratic Republic of the Congo. We look forward to benefitting from his experience and insights.”
The Company discloses that, in accordance with paragraph 9.6.13R of the UKLA’s Listing Rules, Mr. Madhavpeddi is currently a director of Novagold Resources and Trilogy Metals, which are listed on the TSX. During the previous five years he was also director and chair of the governance committee of Capstone Mining (TSX).
There are no further matters to be disclosed in accordance with LR 9.6.13.
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Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of offices located in over 35 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 158,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.