Trafigura's Valentini Exits as Africa Oil Chief in Shakeupby
Roald Goethe takes over as head of African oil for trader
Valentini departs after death of Trafigura founder last year
Jean-Pierre Valentini, Trafigura Group Pte Ltd.’s General Manager for Africa, is leaving the commodity trader in the latest in a series of senior departures.
Roald Goethe, who worked at Trafigura as a trader from 1994 to 2005, has been appointed Head of African Oil Trading, the company said in a statement Monday. From 2006 until last year he was Managing Director at an independent oil trading, shipping and investment company based in Dubai, Trafigura said, without being more specific.
Valentini’s departure takes effect at the end of this month, six months after the death of Trafigura’s late co-founder and Chief Executive Officer Claude Dauphin from cancer. The two men were held in an Ivory Coast prison for five months into 2007 until Trafigura agreed to pay compensation to the nation to clean up toxic waste dumped in the capital, Abidjan. The waste was dumped by an independent contractor after being discharged from a vessel chartered by Trafigura.
Dauphin’s successor as CEO, Jeremy Weir, also assumed the role of head of metals trading last year, replacing Simon Collins. Chief Financial Officer Pierre Lorinet exited the firm in September and Trafigura named Tan Chin Hwee as its CEO for Asia-Pacific in January.