Glencore PLC - Barr, Switzerland based multinational commodity trading and mining company - Says its long-serving Non-Executive Director Peter Coates will not seek re-election at an annual general meeting on May 29, and will retire from the board on that date. Coates joined the board on its initial public offering in 2011. "Peter's retirement marks the end of two long eras. First, it ends a career in mining that goes back more than half a century. Second, it completes a thirty-year association with Glencore, which started in 1994 when he was appointed to lead Glencore's then embryonic coal industrial," Chair Kalidas Madhavpeddi says.
Glencore appoints John Wallington as a non-executive director, with effect from June 1. Wallington spent most of his career at Anglo American PLC.
Stock price in London: 428.00 pence
12-month change: down 4.9%
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12-month change: down 1.3%
By Artwell Dlamini, Alliance News reporter
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Glencore (GLEN)
