Trafigura to Appoint Richard Holtum as New CEO Next Week - FT
9/20/2024
(Reuters) — Commodity trader Trafigura plans to name Richard Holtum as its new chief executive as soon as next week, the Financial Times reported on Friday, citing people briefed about the matter.
Holtum, a former British military officer, has seen a rapid rise at Trafigura since he joined from Glencore in 2014. He currently runs Trafigura’s gas, power and renewables division.
A Trafigura spokesperson declined to comment on the appointment.
Reuters exclusively reported in April that CEO Jeremy Weir was priming Richard Holtum to take over when he steps back into a chairman role.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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