Commodities
Succession Drama Grips Commodity Trading’s Billionaire Factories
- Trafigura plans CEO succession after management shakeup
- Other big traders are nearing generational shift in leadership
Jeremy Weir
Photographer: F. Carter Smith/BloombergThis article is for subscribers only.
Trafigura Group has fired the starting gun on an era of upheaval at the top of the commodity trading world, with some of the biggest players preparing a new generation of leaders at a moment of heightened scrutiny for the industry.
Trafigura, a leading oil and metals trader, on Friday announced that two of its top executives would retire, leaving only Chief Executive Officer Jeremy Weir still in his position out of the trio who have run the company for the past decade.