Glencore’s Executive Departures Hasten as Oil Chief Leaves
- Alex Beard will retire as oil chief at the end of June
- He’s held that job since 2007 and led Glencore through its IPO
Signage stands near the Glencore Plc headquarters office in Baar.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
The generational change at the top of Glencore Plc gained speed on Monday, after the company announced the retirement of its long standing head of oil Alex Beard.
Beard, 51, was at one time seen as a possible successor to Glencore chief Ivan Glasenberg. He was all but ruled out for the job after Glasenberg said in December that the next leader will come from a younger generation. Beard will retire at the end of June.