Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Glencore names Kalidas Madhavpeddi as new chairman

    Glencore names Kalidas Madhavpeddi as new chairman

    July 6, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp
    Tony Hayward r

    London — Swiss commodities trader Glencore said on Monday Kalidas Madhavpeddi will take over as its new chairman at the end of the month, when Tony Hayward retires after eight years in the role.

    U.S.-based Madhavpeddi joined the board of the London-listed miner in February 2020 and is better known as the chief executive of China Molybdenum International (CMOC), a role he covered for almost ten years until 2018.

    During his time at the Chinese producer, Madhavpeddi made a series of sizable acquisitions, including U.S. Freeport-McMoRan Inc.’s majority stake in the Tenke copper project in the Democratic Republic of Congo for $2.65 billion and Anglo American’s niobium and phosphates business in Brazil.

    “I am delighted to have been appointed Chairman at such an exciting time for the business,” Madhavpeddi said in a statement.

    “As the world transitions to cleaner forms of energy and mobility, our portfolio of commodities will allow Glencore to play a key role in helping us achieve the goals of Paris and play a key role in the ongoing energy and mobility transition.”

    Miners are under pressure from investors and policymakers to cut out carbon emissions and tackle climate change.

    Glencore has this month completed a management reshuffle with the appointment of new chief Gary Nagle, a shift to a younger leadership for the mining company.

    • Reuters (Reporting by Clara Denina and Yadarisa Shabong; Editing by Shounak Dasgupta and Louise Heavens)
    • Follow us on twitter

    Related News

    Shettima urges integration of informal economy into formal intra-African trade framework 

    VTT’s TOF-SIMS device studies composition and durability of solid material

    Nigeria, Brazil sign $1bn agreement to boost agriculture, energy, defense

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Stakeholders raise alarm over dangers of marine debris

    June 27, 2025

    NCDMB pledges oil industry support for Yikodeen safety footwear

    June 27, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 27, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 27, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.