Glencore's head of oil, Alex Beard, who helped make the firm one of the wor...
LONDON - Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.
Beard, 52, will be replaced by the head of oil marketing, Alex Sanna, who was key in expanding Glencore’s refined products trading in recent years. Sanna’s trading division will report to chief executive Ivan Glasenberg, but oil assets, previously under Beard, will be transitioned to Peter Freyberg, the head of industrial assets.
Glasenberg is the largest shareholder of Glencore, with 8.8%, and built the firm from predominantly a trading house into a mining giant via its merger with Xstrata in 2012. He has said he may retire within the next three to five years. A previous U.S. probe nearly destroyed Marc Rich in the 1980s when the United States accused the company of “trading with the enemy”, Iran. It indicted Rich, who was pardoned years later by President Bill Clinton in 2001 during Clinton’s last days in office. Rich died in 2013.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
“Jeopardy” Host Alex Trebek Says His Cancer Is In 'Near Remission''The doctors said they hadn’t seen this kind of positive result in their memory…some of the tumors have already shrunk by more than 50%.”
Weiterlesen »
Remains believed to be missing 5-year-old Utah girl found, uncle charged with aggravated murderAlex Whipple, the 21-year-old uncle of 5-year-old Elizabeth Shelley, who was reported missing in Logan, Utah, has been charged with aggravated murder.
Weiterlesen »
California counties must update voting systems by March 2020In February, California Sec. of State Alex Padilla ordered the state's 58 voting districts to update their voting systems by the March 2020 primaries. If they don't comply or get an exemption, county voting officials will face legal action from the state.
Weiterlesen »
Mexican president urges oil independence amid U.S. trade tensionsMexican President Andres Manuel Lopez Obrador reiterated on Sunday the need for ...
Weiterlesen »
Oil mixed as OPEC cuts, U.S. sanctions prop up prices while trade war weighsOil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and ...
Weiterlesen »
Dollar finds support amid fresh trade war fears; U.S. yields slipFears of a further escalation in the Sino-U.S. trade dispute kept the dollar ste...
Weiterlesen »
Oil prices gain after fall in U.S. crude inventoriesOil prices rose on Thursday after an industry report showed a decline in U.S. cr...
Weiterlesen »
Oil prices rise on fall in U.S. crude stocks, but trade war worries cap gainsOil prices rose on Thursday after a bigger-than-expected decline in U.S. crude i...
Weiterlesen »