REG - Glencore PLC - Board Position Changes

GlencoreAnnouncement

02/12/2022 13:30

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RNS Number : 4814I  Glencore PLC  02 December 2022

Glencore plc

Baar, Switzerland

2 December 2022

 

Board Position Changes

 

Glencore plc announces the following changes to positions held by its Board
members:

1. Senior Independent Director

Gill Marcus has replaced Martin Gilbert as Senior Independent
Director following Mr Gilbert's offer of resignation, made in the interests
of greater diversity and inclusiveness. He will remain as an Independent
Non-Executive Director.

 

2. Audit Committee Chair

From March 2023, Liz Hewitt will replace Gill Marcus as Chair of the Audit
Committee, who will remain as a member of the Committee.

Kalidas Madhavpeddi, Chairman of the Board, commented:

"On behalf of the Board, I would like to thank Martin for his considerable
contribution to the Board's governance as Senior Independent Director,
especially during our transitions to a new chairman and CEO.

We are delighted that Gill has accepted the appointment as Senior Independent
Director. Her extensive experience in governance and leadership makes her a
natural fit for this role.

We are also very pleased that Liz, with her strong relevant experience, has
agreed to become our next Audit Committee Chair"

This announcement is made in fulfilment of the Company's obligations under UK
LRs 9.6.11 and 9.8.6(9). Following the appointment of Ms Marcus, Glencore
will satisfy the UK Listing Rules targets regarding diversity in one of
its four most senior positions. The Glencore Board comprises five men and
four women.

 

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
 Lionel Mateo       t: +41 41 709 28 47  m: +41 79 152 09 05  lionel.mateo@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
responsibly-sourced 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 enable
decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With 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 40 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.

Glencore recognises our responsibility to contribute to the global effort to
achieve the goals of the Paris Agreement. Our ambition is to be a net zero
total emissions company by 2050. In August 2021, we increased our medium-term
emission reduction target to a 50% reduction by 2035 on 2019 levels and
introduced a new short-term target of a 15% reduction by 2026 on 2019 levels.

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Disclaimer
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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