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Changing of the guard in Glencore. The group’s board of directors has announced that Tony Hayward will retire and step down as president, with Kalidas Madhavpeddi taking over from July 30th.
Madhavpeddi joined Glencore’s board of directors in February 2020. He has over 40 years of experience in the international mining industry, including serving as CEO of China Molybdenum International (China Moly) from 2008 to 2018. The company remembers instead that Tony Hayward was named a board member at the company’s IPO in May 2011 and took over as chairman in 2013.