Glencore plc has announced the retirement of Peter Coates, who will not seek re-election at the AGM on 29 May 2024 and will retire from the Board on that date. Kalidas Madhavpeddi, Chairman, praised Coates' long career in mining and his thirty-year association with Glencore, highlighting his significant contributions to the company's operating standards, especially in Health and Safety. The Board welcomed John Wallington as an Independent Non-Executive Director, emphasizing the importance of having directors with industry expertise to appraise and challenge decision making from technical and commercial perspectives.
Wallington brings over 40 years of experience in the mining industry, having overseen operations in various countries and held significant roles at companies such as Anglo American plc, Coal of Africa, Sibanye, and Riversdale Resources. His appointment is seen as crucial in providing the Board with valuable skills and experience. Glencore fulfilled its obligations under UK LRs 9.6.11 and 9.6.13 with this announcement.
Glencore is a global diversified natural resource company and a major producer and marketer of over 60 commodities. The company operates in over 35 countries and supports decarbonization efforts while meeting current energy needs. Glencore's customers are industrial consumers, and the company also provides financing, logistics, and other services to producers and consumers of commodities. Glencore is committed to supporting the global effort to achieve the goals of the Paris Agreement and has outlined a Climate Action Transition Plan to reduce industrial emissions.
For further information, investors and media can contact Martin Fewings and Charles Watenphul, respectively. Glencore is a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals, as well as an active participant in the Extractive Industries Transparency Initiative. The company's commitment to decarbonization is outlined in its 2024-2026 Climate Action Transition Plan and 2023 Annual Report, available on its website.
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