Glencore welcomes Kalidas Madhavpeddi to its Board as Independent Director

– SWITZERLAND, Baar –  Glencore Plc (LON: GLEN) today announced the appointment of Kalidas Madhavpeddi as an Independent Non-Executive Director of the Company with immediate effect.

“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.” said Tony Hayward, Chairman.

About Kalidas Madhavpeddi

Kalidas Madhavpeddi has over 30 years of experience in the international mining industry, including being CEO of China Molybdenum International from 2008 to 2018. He started his career at Phelps Dodge, where he worked from 1980 to 2006, ultimately becoming Senior Vice President responsible for the company’s global business development, acquisitions and divestments, as well as its global exploration programs. He was contemporaneously President of Phelps Dodge Wire & Cable, a global downstream fabricator of aluminium and copper for the motor, electrical and automotive industries.

Mr Madhavpeddi has degrees from the Indian Institute of Technology, Madras, India and the University of Iowa and has completed the Advanced Management Program at Harvard Business School.

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. The Group’s operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in both established and emerging regions for natural resources, Glencore’s industrial and marketing activities are supported by a global network of offices located in over 35 countries.

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’s companies employ around 158,000 people, including contractors.

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.

For more information : https://www.glencore.com

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