Glencore welcomes Kalidas Madhavpeddi to its Board of Directors

Kalidas Madhavpeddi

(PRESS RELEASE) BAAR, Switzerland, 4-Feb-2020 — /EuropaWire/ — Glencore appoints Kalidas Madhavpeddi as an Independent Non-Executive Director, effective immediately.

Kalidas has more than 30 years of experience in the international mining industry, including most recently as the CEO of China Molybdenum International (China Moly) from 2008 to 2018.

Kalidas started his career at Phelps Dodge from 1980 to 2006, where he became the Senior Vice President responsible for the company’s global business development, acquisitions and divestments, as well as its global exploration programs. Simultaneously he was also the President of Phelps Dodge Wire & Cable, a global downstream fabricator of aluminium and copper for the motor, electrical and automotive industries.

Kalidas earned his Bachelor of Technology in Indian Institute of Technology, Madras, India and Master’s degree in Engineering/Industrial Management in University of Iowa. He also has completed the Advanced Management Program at Harvard Business School.

“The Directors are extremely pleased to welcome Kalidas Madhavpeddi to our Board. Kalidas has extensive knowledge of the resources industry coupled with business experience across all continents, including over 10 years as the CEO of China Moly. His experience includes substantial involvement in operations and business dealings with both Phelps Dodge and China Moly in the Democratic Republic of the Congo. We look forward to benefitting from his experience and insights,” commented Glencore Chairman, Tony Hayward.

The Company discloses that, in accordance with paragraph 9.6.13R of the UKLA’s Listing Rules, Mr. Madhavpeddi is currently a director of Novagold Resources and Trilogy Metals, which are listed on the TSX. He was also director and chair of the governance committee of Capstone Mining (TSX) during the previous five years.

No further matters to be disclosed in accordance with LR 9.6.13.

Glencore is one of the world’s largest global diversified natural resource companies. It is a multinational commodity trading and mining company with headquarters in Baar, Switzerland, and its registered office in Saint Helier, Jersey. The Group’s operations comprise around 150 mining and metallurgical sites and oil production assets. Glencore’s industrial and marketing activities are supported by a global network of offices located in over 35 countries.

For investor and media information please contact:

Investors
Martin Fewings
t: +41 41 709 2880
m: +41 79 737 5642
martin.fewings@glencore.com

Maartje Collignon
t: +41 41 709 3269
m: +41 79 197 4202
maartje.collignon@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 2619
m: +41 79 944 5434
john.burton@glencore.com

Nicola Leigh
t: +41 41 709 2755
m: +41 79 735 3916
nicola.leigh@glencore.com

Lionel Mateo
t: +41 41 709 2847
m: +41 79 152 0905
lionel.mateo@glencore.com

SOURCE: Glencore