CEO Succession and Board Changes
23 March 2021
Glencore plc today announces:
1. CEO succession
Further to the announcement of 4 December 2020 regarding the CEO succession process, Ivan Glasenberg will retire on 30 June 2021. He will seek re-election to the Board at this year’s Annual General Meeting on 29 April (AGM), for a term expiring on 30 June 2021.
The Board will appoint Gary Nagle as CEO and Director with effect from 1 July 2021.
2. Retirement of John Mack
John Mack will not seek re-election at the AGM and will retire from the Board on that date.
Commenting on Mr Mack’s retirement, Dr Hayward, Chairman, stated:
“I would like to thank John for his considerable contribution to the Board over almost eight years as a Director.”
This announcement is made in fulfilment of the Company's obligations under UK LRs 9.6.11 and 9.6.12.
For further information please contact:
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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 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. 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 145,000 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. Our ambition is to be a net zero total emissions company by 2050.