Glencore plc
Baar, Switzerland
21 March
2024
Board
Changes
Glencore plc today
announces:
1. Retirement of Peter Coates
Peter Coates will not seek
re-election at the AGM on 29 May 2024, and will retire from the
Board on that date.
Commenting on Mr Coates's
retirement, Kalidas Madhavpeddi, Chairman, stated:
"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
business.
He joined the Board of Glencore plc
on its IPO in 2011, aged 66, when many might be winding down. Far
from it with Peter. He has chaired the HSEC Committee from the
beginning and has consistently pushed for improvements in our
operating standards, especially in Health and Safety, which has
continued to this day. His combined experience of the industry and
of our Group will be impossible to replicate. All of the Board
joins me in wishing Peter a long and happy retirement."
2. Appointment of John Wallington
The appointment of John Wallington
as an Independent Non-Executive Director of the Company is
effective from 1 June 2024.
John Wallington has over 40 years'
experience in the mining industry, overseeing operations in South
Africa, Australia, Colombia and Canada. Mr Wallington spent most of
his career at Anglo American plc covering 27 years, culminating in
him holding the role as Global CEO Anglo Coal. Prior to this
he was appointed as CEO Anglo Coal South Africa (2001-2004). After
leaving Anglo American, Mr Wallington held positions as CEO of Coal
of Africa, (2010-2013), Head of Energy at Sibanye (2016-2018) and
CEO of Riversdale Resources in Canada (2020-2022). He has also had
board positions as a non-executive director with Keaton Energy
(2009); Buffalo Coal (2015) and Kwatani (2018-2020).
Mr Wallington holds a BSc in Mining
Engineering from the University of the Witwatersrand. Further
qualifications include Executive programmes with both the London
and Harvard Business Schools. Mr Wallington is certified with the
Institute of Corporate Directors through The ICD-Rotman Board
Dynamics Program (University of Toronto).
Kalidas Madhavpeddi, Chairman,
stated:
"The Directors are very pleased to
welcome John Wallington to the Board. We believe it is crucial that
we have several non-executive directors who know the industry well
and who can appraise and challenge decision making from a technical
as well as a commercial perspective. John has spent his entire
career in the mining industry and we look forward to benefiting
from his skills and experience."
This announcement is made in
fulfilment of the Company's obligations under UK LRs 9.6.11 and
9.6.13 and there are no other matters requiring disclosure under
these Rules.
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
|
Nicola Leigh
|
t: +41 41 709 27 55
|
m: +41 79 735 39 16
|
nicola.leigh@glencore.com
|
www.glencore.com
Glencore LEI:
2138002658CPO9NBH955
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 commodities that advance everyday
life. Through a network of assets, customers and suppliers that
spans the globe, we produce, process, recycle, source, market and
distribute the commodities that support decarbonisation while
meeting the energy needs of today.
With over 150,000 employees and
contractors and a strong footprint in over 35 countries in both
established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global
network of more than 50 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 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.
We will support the global effort to
achieve the goals of the Paris Agreement through our efforts to
decarbonise our own operational footprint. We believe that we
should take a holistic approach and have considered our commitment
through the lens of our global industrial emissions. Against a
restated 2019 baseline, we are targeting to reduce our Scope 1, 2
and 3 industrial emissions by 15% by the end of 2026, 25% by the
end of 2030, 50% by the end of 2035 and we have an ambition to
achieve net zero industrial emissions by the end of 2050, subject
to a supportive policy environment. For more information see our
2024-2026 Climate Action Transition Plan and the About our
emissions calculation and reporting section in our 2023 Annual
Report, available on our website at
glencore.com/publications.
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
Important
Information
This document contains statements that are, or
may be deemed to be, "forward-looking statements" which are
prospective in nature. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements to
differ materially from any future event, results, performance,
achievements or other outcomes expressed or implied by such
forward-looking statements. Except as required by law, Glencore is
not under any obligation, and Glencore and its affiliates expressly
disclaim any intention, obligation or undertaking, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. For further information,
including important factors that could impact these uncertainties
see Glencore's latest Annual Report on the publication page of our
website at glencore.com/publications.
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.