Glencore CEO Ivan Glasenberg steps down

Glencore has announced Ivan Glasenberg will retire as both CEO and as a member of the Board during the first half of 2021. He’ll be replaced by Australia-based Gary Nagle who has been heading up Glencore’s coal division. Mr Nagle will relocate from Australia to Switzerland early next year and will work with Mr Glasenberg to effect the transition as a new board member. The Board had worked with Ivan over the past two years to oversee a seamless transition to the next generation of leadership across Glencore’s business, chairman T...