Glencore PLC Board Position Changes (4814I)
03 December 2022 - 12:30AM
UK Regulatory
TIDMGLEN
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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