Glencore CEO Mr Glasenberg to be succeeded by Mr Gary Nagle
Glencore plc announces that Mr Ivan Glasenberg will retire as CEO and as a member of the Glencore Board during the first half of 2021. Mr Gary Nagle will
Glencore plc announces that Mr Ivan Glasenberg will retire as CEO and as a member of the Glencore Board during the first half of 2021. Mr Gary Nagle will then become the Glencore CEO and join the Board. Mr Nagle intends to relocate from Australia to Switzerland early next year and will work with Mr Glasenberg to effect the transition.
Gary Nagle, 45, is currently Global Head of Glencore’s coal industrial business based in Sydney in Australia. Gary joined Glencore in 2000 in Switzerland as part of the Coal business development team. He was heavily involved in seeding a portfolio of assets to Xstrata in 2002, in conjunction with its initial listing on the London Stock Exchange. Gary then worked for five years (2008-2013) in Colombia as CEO of Prodeco, Glencore’s Colombian coal operation. He then moved to South Africa to take on the role of Head of Glencore’s Alloys Assets (2013-2018).
Gary has commerce and accounting degrees from the University of the Witwatersrand, and qualified as a Chartered Accountant in South Africa in 1999. He also served on the Board of Lonmin plc from 2013 – 2015 and has represented Glencore on the Minerals Councils of Australia and Colombia.