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Glencore announces CEO Succession and Board Changes

Glencore plc today announces:

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.

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.”

Source: Glencore

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