REG - Glencore PLC - Board Changes

GlencoreAnnouncement

21/03/2024 07:00

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RNS Number : 6861H  Glencore PLC  21 March 2024

 

 

Glencore plc

Baar, Switzerland

21 March 2024

 

 

Board Changes

 

Glencore plc today announces:

1. Retirement of Peter Coates

Peter Coates will not seek re-election at the AGM on 29 May 2024, and will
retire from the Board on that date.

Commenting on Mr Coates's retirement, Kalidas Madhavpeddi, Chairman, stated:

 

"Peter's retirement marks the end of two long eras. First, it ends a career in
mining that goes back more than half a century. Second, it completes a
thirty-year association with Glencore, which started in 1994 when he was
appointed to lead Glencore's then embryonic coal industrial business.

He joined the Board of Glencore plc on its IPO in 2011, aged 66, when many
might be winding down. Far from it with Peter. He has chaired the HSEC
Committee from the beginning and has consistently pushed for improvements in
our operating standards, especially in Health and Safety, which has continued
to this day. His combined experience of the industry and of our Group will be
impossible to replicate. All of the Board joins me in wishing Peter a long and
happy retirement."

 

2. Appointment of John Wallington

The appointment of John Wallington as an Independent Non-Executive Director of
the Company is effective from 1 June 2024.

John Wallington has over 40 years' experience in the mining industry,
overseeing operations in South Africa, Australia, Colombia and Canada. Mr
Wallington spent most of his career at Anglo American plc covering 27 years,
culminating in him holding the role as  Global CEO Anglo Coal. Prior to this
he was appointed as CEO Anglo Coal South Africa (2001-2004). After leaving
Anglo American, Mr Wallington held positions as CEO of Coal of Africa,
(2010-2013), Head of Energy at Sibanye (2016-2018) and CEO of Riversdale
Resources in Canada (2020-2022). He has also had board positions as a
non-executive director with Keaton Energy (2009); Buffalo Coal (2015) and
Kwatani (2018-2020).

Mr Wallington holds a BSc in Mining Engineering from the University of the
Witwatersrand. Further qualifications include Executive programmes with both
the London and Harvard Business Schools. Mr Wallington is certified with the
Institute of Corporate Directors through The ICD-Rotman Board Dynamics Program
(University of Toronto).

 

 

Kalidas Madhavpeddi, Chairman, stated:

"The Directors are very pleased to welcome John Wallington to the Board. We
believe it is crucial that we have several non-executive directors who know
the industry well and who can appraise and challenge decision making from a
technical as well as a commercial perspective. John has spent his entire
career in the mining industry and we look forward to benefiting from his
skills and experience."

 

This announcement is made in fulfilment of the Company's obligations under UK
LRs 9.6.11 and 9.6.13 and there are no other matters requiring disclosure
under these Rules.

 

 

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

 

www.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 commodities that
advance everyday life. Through a network of assets, customers and suppliers
that spans the globe, we produce, process, recycle, source, market and
distribute the commodities that support decarbonisation while meeting the
energy needs of today.

 

With over 150,000 employees and contractors and a strong footprint in over 35
countries in both established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global network of more
than 50 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 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.

 

We will support the global effort to achieve the goals of the Paris Agreement
through our efforts to decarbonise our own operational footprint. We believe
that we should take a holistic approach and have considered our commitment
through the lens of our global industrial emissions. Against a restated 2019
baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions
by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and
we have an ambition to achieve net zero industrial emissions by the end of
2050, subject to a supportive policy environment. For more information see our
2024-2026 Climate Action Transition Plan and the About our emissions
calculation and reporting section in our 2023 Annual Report, available on our
website at glencore.com/publications.

 

 

linkedin.com/company/glencore

twitter.com/glencore

instagram.com/glencoreplc

facebook.com/glencore

youtube.com/glencorevideos

 

Important Information

This document contains statements that are, or may be deemed to be,
"forward-looking statements" which are prospective in nature. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause actual results, performance or achievements to
differ materially from any future event, results, performance, achievements or
other outcomes expressed or implied by such forward-looking statements. Except
as required by law, Glencore is not under any obligation, and Glencore and its
affiliates expressly disclaim any intention, obligation or undertaking, to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. For further information, including
important factors that could impact these uncertainties see Glencore's latest
Annual Report on the publication page of our website at
glencore.com/publications.

 

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.

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