Glencore PLC
LSE:GLEN

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Glencore PLC
LSE:GLEN
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Price: 381.45 GBX 0.34%
Market Cap: 46.5B GBX

Glencore PLC
Investor Relations

Glencore PLC, a colossus in the commodities universe, operates at the intersection of mining, metals production, and commodity trading. Founded in 1974 by Marc Rich as a small metal and oil merchant, the company has since expanded into a behemoth influencing global supply chains and market movements. Glencore's strategy is deeply entrenched in its vast global presence, encompassing over 150 mining and metallurgical sites. The company extracts a wide array of minerals and metals, from copper and cobalt to nickel and zinc, catering to the diverse needs of industries from technology to infrastructure. As a vertically integrated entity, Glencore’s business model extends beyond mere extraction; it involves refining and transporting these commodities, enabling it to capture value across the entire supply chain.

What uniquely distinguishes Glencore is its robust trading capabilities. Operating as one of the world's largest commodity traders, the company leverages its in-depth market insight and logistical prowess to arbitrate market inefficiencies. By actively trading in oil, gas, coal, and agricultural products, it connects producers with consumers, while skillfully mitigating geopolitical and market risks. This division, fueled by information flow and strategic positioning, not only complements Glencore’s mining operations but also cushions its financial performance against the inherent volatility of raw material prices. Through this dual approach—mining for direct commodity revenues and trading for strategic margin enhancement—Glencore secures its standing as a formidable force in the global commodities landscape.

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GLEN
FTSE All Share Index

Earnings Calls

2023 Q2
Aug 8, 2023
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Improved H2 Outlook Despite H1 Declines
2023 Q2
Aug 8, 2023

The company faced a challenging first half, with its industrial business EBITDA plunging from $15 billion to $7.4 billion due to significant price reductions, particularly in coal. Volume impacts also contributed to a $1.3 billion negative effect, largely from coal and metals like copper and nickel. Costs rose by $1.1 billion, but benefits from weaker currencies in Australia and South Africa provided some offset. Despite these headwinds, the company anticipates a stronger second half across key metals, expecting higher volumes to neutralize negative variances and projecting cost moderation. This optimism is underpinned by improved demand and market dynamics for its products.

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Management

Mr. Gary Nagle C.A.
CEO & Director

Gary Nagle is a prominent figure in the mining and commodities trading industry, known for his leadership role at Glencore PLC, one of the world's largest diversified natural resource companies. Nagle, a chartered accountant by profession, took over as Chief Executive Officer of Glencore in July 2021, succeeding longtime CEO Ivan Glasenberg. Nagle's career with Glencore spans over two decades, during which he has accumulated extensive experience in various roles within the company. Prior to becoming CEO, he was the head of Glencore's coal assets, leading the global coal industrial business. His leadership there was marked by significant growth and strategic management, positioning him as a key figure capable of guiding Glencore's diverse operations. Born in South Africa, Nagle attended the University of Witwatersrand, where he completed his degree in commerce, earning a Bachelor of Commerce (B.Com) and subsequently qualifying as a Chartered Accountant (C.A.). His South African roots are echoed in his professional rise, given the country's rich mining history and economy largely driven by natural resources. As CEO, Nagle is responsible for steering Glencore through an era of evolving global energy demands, increasing focus on sustainability, and navigating the complex dynamics of international commodities markets. His appointment represented a continuation of the leadership style that has characterized Glencore for years, focused on deep market knowledge and operational efficiency. Under his direction, Glencore focuses on adapting to the global shift towards cleaner energy while maintaining its core business strengths.

Mr. Steven Kalmin
Chief Financial Officer

Steven Kalmin is a well-regarded financial executive known for his role as the Chief Financial Officer (CFO) of Glencore PLC, one of the world's largest globally diversified natural resource companies. With a career at Glencore spanning multiple decades, Kalmin has played a critical role in overseeing the company's financial operations and strategic financial planning. His expertise has been instrumental in managing complex financial structures and navigating the company's public listing. Kalmin joined Glencore in 1999 and became CFO in 2005. His tenure has been marked by significant financial and operational milestones, including Glencore's initial public offering (IPO) in 2011, one of the largest IPOs at the time. He has also been pivotal in facilitating mergers and acquisitions, risk management, and capital allocation strategies that have shaped Glencore's business landscape. Prior to joining Glencore, Steven Kalmin gained valuable international experience at various companies, which helped build his robust financial and managerial acumen. His educational background includes a degree in commerce, with a focus on accounting and finance, underpinning his proficiency in corporate finance matters. Kalmin's leadership and financial stewardship have been highly regarded in the mining and commodity trading industries, contributing to Glencore's sustained growth and adaptation in a dynamic global market.

Mr. Martin Fewings
Head of Investor Relations & Communications

Martin Fewings is the Head of Investor Relations at Glencore PLC, one of the world's largest globally diversified natural resource companies. He plays a crucial role in managing communication between the company and its investors, analysts, and stakeholders. Fewings is responsible for providing insights into Glencore's financial performance, strategic initiatives, and market outlook, ensuring transparency and maintaining the trust of the investment community. Fewings brings a wealth of experience to his role at Glencore, with extensive expertise in finance, investor relations, and corporate communications. His work is key in helping the company convey its value proposition and in navigating the complexities of the financial markets, which is vital for a company of Glencore's scale and scope.

Mr. Shaun Teichner
General Counsel

Shaun Teichner is a prominent executive at Glencore PLC, a leading multinational commodity trading and mining company. He serves as the General Counsel and Company Secretary. In this role, he is responsible for overseeing the legal and compliance functions of the company. Shaun has played a crucial role in addressing legal challenges and ensuring that Glencore operates in compliance with international laws and regulations. His expertise in corporate law and governance has been instrumental in supporting the company’s strategies and operations globally. Prior to joining Glencore, Teichner built a strong background in corporate law, which laid the foundation for his significant contributions to the company.

Mr. Derrick Crowley
Head of Human Resources
No Bio Available
Japie Fullard
Head of Ferroalloys Assets

Japie Fullard is a well-known executive at Glencore PLC, a multinational commodity trading and mining company. With a strong background in the mining industry, he has held various leadership positions within Glencore that have contributed significantly to the company's operations. Japie Fullard has experience in overseeing mining projects and managing complex operations, particularly in the fields of coal and other mineral resources. His expertise in navigating the challenges of the mining sector has been instrumental in driving efficiency and sustainability within the company's operations. Known for his strategic insights and operational acumen, he continues to play a key role in Glencore's leadership team.

Jason Kluk
Head of Ferroalloys & Nickel Marketing

Jason Kluk serves as Global Head of Oil Assets at Glencore PLC, one of the world's leading integrated producers and marketers of commodities. In his role, Kluk oversees the company's expansive oil assets portfolio, playing a critical role in strategic planning, asset management, and investment decisions. With a background in finance and a strong understanding of the global oil market, he has been instrumental in navigating the complexities of the oil industry, helping Glencore achieve its business objectives. Kluk's leadership is characterized by his strategic vision and ability to adapt to market changes, ensuring that Glencore's oil operations remain competitive and sustainable in a volatile market environment. His tenure at Glencore reflects a commitment to operational excellence and an aptitude for fostering partnerships within the industry. Under his guidance, Glencore continues to maintain its status as a significant player in the global oil sector, leveraging its assets to meet the demands of a diverse customer base.

Ruan Van Schalkwyk
Head of Coal Marketing

Ruan van Schalkwyk is an executive known for his role as the Head of Strategy and Corporate Development at Glencore PLC, one of the world’s largest natural resource companies. In this capacity, he is responsible for overseeing the company’s strategic initiatives and corporate development activities, which include mergers, acquisitions, and other business growth strategies. His expertise in strategy and development plays a crucial role in helping Glencore navigate the complexities of the global commodities market. Before assuming this role, Ruan van Schalkwyk held various positions within Glencore, showcasing his extensive experience and deep understanding of the industry and contributing to the company’s strategic vision and growth.

Alex Sanna
Head of Oil Marketing

I couldn't find any information on an executive named Alex Sanna at Glencore PLC. It's possible that he is not a publicly recognized figure within the company or that the information is not readily available. If you're looking for details about Glencore executives, you might want to consult the company's official website or refer to recent press releases and company reports.

Mr. Jyothish Devina George Ph.D.
Head of Copper Marketing
No Bio Available

Contacts

Address
ZUG
Baar
Baarermattstrasse 3, P.O. Box 1363
Contacts
+41417092000.0
www.glencore.com