CEO Succession and Board Changes

Baar, Switzerland
23 March 2021

Glencore plc today announces:

1.    CEO succession 

Further to the announcement of 4 December 2020 regarding the CEO succession process, Ivan Glasenberg will retire on 30 June 2021. He will seek re-election to the Board at this year’s Annual General Meeting on 29 April (AGM), for a term expiring on 30 June 2021. 

The Board will appoint Gary Nagle as CEO and Director with effect from 1 July 2021.

2.    Retirement of John Mack

John Mack will not seek re-election at the AGM and will retire from the Board on that date. 

Commenting on Mr Mack’s retirement, Dr Hayward, Chairman, stated: 
“I would like to thank John for his considerable contribution to the Board over almost eight years as a Director.”

This announcement is made in fulfilment of the Company's obligations under UK LRs 9.6.11 and 9.6.12.

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

Lionel Mateo    
t: +41 41 709 28 47    
m: +41 79 152 09 05    
lionel.mateo@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 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 145,000 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.

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.