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GLENCORE PLC - GLN - Appointment of new Chairman

Release Date: 05/07/2021 08:20
Code(s): GLN     PDF:  
Wrap Text
GLN - Appointment of new Chairman

Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955

Baar, Switzerland
5 July 2021


                                      Appointment of new Chairman

The board of Glencore announces that Tony Hayward will retire as Chairman and Kalidas Madhavpeddi will be
appointed as the new Chairman on 30 July.

Tony Hayward was appointed to the Board at the time of the Company’s IPO in May 2011 and appointed as Chairman in
2013. Following consultation with the Company’s largest institutional shareholders it was agreed that he would retire as
Chairman within the year after our last AGM, following a second extension of his tenure beyond 9 years on the Board.

Mr Madhavpeddi joined the Board of Glencore in February 2020. He has over 40 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 is currently a non-executive director of Novagold Resources Inc., Trilogy Metals Inc. and Dundee Precious
Metals Inc., which are listed on the Toronto Stock Exchange.


Tony Hayward said:

“I am very pleased that the Board has appointed Kalidas as my successor. His history of working in the resources
industry and familiarity of operating across the globe provides excellent experience for this appointment. It has been an
honour to have served as Chairman and I wish Kalidas and Glencore every success for the future.”

Kalidas Madhavpeddi said:

“I am delighted to have been appointed Chairman at such an exciting time for the business. As the world transitions to
cleaner forms of energy and mobility, our portfolio of commodities will allow Glencore to play a key role in helping us
achieve the goals of Paris and play a key role in the ongoing energy and mobility transition. On behalf of the Board, I
would like to thank Tony for his leadership over the last eight years, especially with regard to the Group’s progress on
ESG matters and in particular Glencore’s climate strategy. We wish him all the best for the future.”

Gary Nagle, CEO, said:

“I look forward to working with Kalidas. His decades of experience across the resources sector will be invaluable to
Glencore as we focus on achieving our objectives of sustainable shareholder returns and attaining our ambition of net
zero total emissions by 2050 while also focusing on the green energy transition.”

 For further information please contact:
 Investors
 Martin Fewings              t: +41 41 709 28 80       m: +41 79 737 56 42       martin.fewings@glencore.com

 Media
 Charles Watenphul           t: +41 41 709 24 62       m: +41 79 904 33 20       charles.watenphul@glencore.com

 Company Secretarial
 John Burton                 t: +41 41 709 26 19       m: +41 79 944 54 34       john.burton@glencore.com

 www.glencore.com
 
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 135,000 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.

Follow us on social media:
          www.facebook.com/Glencore
          www.flickr.com/photos/glencore
          www.instagram.com/glencoreplc
          www.linkedin.com/company/8518
          www.slideshare.net/glencore
          www.twitter.com/glencore
          www.youtube.com/glencorevideos

Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”,
“Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These
collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”,
“us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no
useful purpose is served by identifying the particular company or companies.

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Date: 05-07-2021 08:20:00
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