Glencore Xstrata (GLCNF.PK, GLNCY.PK, GLEN.L), formed recently through the merger of Swiss Commodities trader Glencore International Plc. and mining firm Xstrata Plc, Thursday said its board has appointed Tony Hayward as interim chairman with immediate effect with the intention that he would step down once a new chairman takes up the role.
The nominations committee is meeting today to seek candidates for its Board in addition to continuing a search process for a new Chairman.
As the firm previously indicated, the Board will consult major external shareholders appropriately as part of this exercise.
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