Mr Kalidas Madhavpeddi Appointed as Glencore Chairman
Glencore announced that Mr Tony Hayward will retire as Chairman and Mr Kalidas Madhavpeddi will be appointed as the new Chairman on 30 July. Mr Madhavpeddi joined the Board of Glencore in February 2020. He has over 40 years of experience in the international mining industry, including being CEO of China Molybdenum International from 2008 to 2018. He started his career at Phelps Dodge, where he worked from 1980 to 2006, ultimately becoming Senior Vice President responsible for the company's global business development, acquisitions and divestments, as well as its global exploration programs. He is currently a non-executive director of Novagold Resources Inc., Trilogy Metals Inc. and Dundee Precious Metals Inc, which are listed on the Toronto Stock Exchange.
Mr Tony Hayward was appointed to the Board at the time of the Company’s IPO in May 2011 and appointed as Chairman in 2013. Following consultation with the Company’s largest institutional shareholders it was agreed that he would retire as Chairman within the year after our last AGM, following a second extension of his tenure beyond 9 years on the Board.