Glasenberg Eyes Successor as Glencore Readies New Generation
- Chief executive said he will likely retire in 3 to 5 years
- "I hope he looks like me," Glasenberg says of next CEO
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Ivan Glasenberg said there will be a generational shift at the top of Glencore Plc over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company.
Glasenberg said he’s actively looking for the next chief executive and plans to retire in the next three to five years. He also announced the retirement of two top lieutenants and spoke more about the issue of succession than he has ever done in public before.