Glencore shakes up management with 3 top traders to exit
AFP Tor Peterson, Kenny Ives and Nico Paraskevas will all leave in the coming months, according to an internal memo. Ives and Paraskevas had been viewed as potential candidates for the CEO job but lost out in the race to succeed Ivan Glasenberg. The changes do little to address a lack of diversity in Glencore’s senior ranks: all the new department heads named in the memo are men. Glencore is shaking up its top management, with three of its most senior traders set to depart — the latest step in a wider changing of the guard at the world’s largest commodity trader.
Source: news24.com