Glencore (LSE:GLEN)
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RNS Number : 4814I

Glencore PLC

02 December 2022

Glencore plc

Baar, Switzerland

2 December 2022

Board Position Changes

Glencore plc announces the following changes to positions held by its Board members:

1. Senior Independent Director

Gill Marcus has replaced Martin Gilbert as Senior Independent Director following Mr Gilbert's offer of resignation, made in the interests of greater diversity and inclusiveness. He will remain as an Independent Non-Executive Director.

2. Audit Committee Chair

From March 2023, Liz Hewitt will replace Gill Marcus as Chair of the Audit Committee, who will remain as a member of the Committee.

Kalidas Madhavpeddi, Chairman of the Board, commented:

"On behalf of the Board, I would like to thank Martin for his considerable contribution to the Board's governance as Senior Independent Director, especially during our transitions to a new chairman and CEO.

We are delighted that Gill has accepted the appointment as Senior Independent Director. Her extensive experience in governance and leadership makes her a natural fit for this role.

We are also very pleased that Liz, with her strong relevant experience, has agreed to become our next Audit Committee Chair"

This announcement is made in fulfilment of the Company's obligations under UK LRs 9.6.11 and 9.8.6(9). Following the appointment of Ms Marcus, Glencore will satisfy the UK Listing Rules targets regarding diversity in one of its four most senior positions. The Glencore Board comprises five men and four women.

For further information please contact:

 
Investors 
Martin Fewings     t: +41 41 709 28 80  m: +41 79 737 56 42  martin.fewings@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 26 19  m: +41 79 944 54 34  john.burton@glencore.com 
Nicola Leigh       t: +41 41 709 27 55  m: +41 79 735 39 16  nicola.leigh@glencore.com 
Lionel Mateo       t: +41 41 709 28 47  m: +41 79 152 09 05  lionel.mateo@glencore.com 
 

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that enable decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 40 offices.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased our medium-term emission reduction target to a 50% reduction by 2035 on 2019 levels and introduced a new short-term target of a 15% reduction by 2026 on 2019 levels.

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Disclaimer

The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

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December 02, 2022 08:30 ET (13:30 GMT)