The leadership changes are the culmination of a three-year planning process by the board to prepare for the next generation of leadership. (Source: Shutterstock/ Trafigura)
Trafigura Group Pte Ltd. is making some leadership changes with the appointment of Richard Holtum as the commodities group’s new CEO, Trafigura said in a Sept. 24 press release.
Holtum will assume the CEO position on Jan. 1, 2025, following current Executive Chairman and CEO Jeremy Weir’s move to chairman of the board. Holtum will also join the board of directors on Oct. 1.
Holtum’s appointment to CEO was a unanimous decision made by the board of directors, Sipko Schat, independent non-executive director of the board, said in the press release.
“Richard has achieved extensive success in developing high-performing teams and building Trafigura’s gas, power and renewables business into a robust and growing third pillar for the Group,” Schat said. “He has the vision, international perspective and expertise to lead Trafigura through the next phase of its evolution.”
Holtum’s current position as global head of gas, power and renewables will go to Igor Marin, who is currently the head of power trading, effective Oct. 1.
The leadership changes are the culmination of a three-year planning process by the board to prepare for the next generation of leadership, Weir said in the press release.
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