News wire — Commodity trader Trafigura plans to name Richard Holtum as its new chief executive as soon as next week, the Financial Times reported on Friday, citing people briefed about the matter.Holtum, a former British military officer, has seen a rapid rise at Trafigura since he joined from Glencore in 2014. He currently runs Trafigura’s gas, power and renewables division.
A Trafigura spokesperson declined to comment on the appointment.
Reuters exclusively reported in April that CEO Jeremy Weir was priming Richard Holtum to take over when he step back into a chairman role.
Reporting by Anushree Mukherjee in Bengaluru, Editing by Louise Heavens – Reuters
