26 June 2014
New Director Appointment
The Board of Glencore plc announces the appointment of Patrice Merrin as an Independent Non-Executive Director of the Company with immediate effect.
Following initial roles with Molson and Canadian Pacific, Patrice E. Merrin worked at Sherritt, the Canadian diversified miner, for 10 years until 2004, latterly as COO. She then became CEO of Luscar, Canada's largest thermal coal producer. She is currently a non-executive director of Stillwater Mining (NYSE). She was elected as a director of Stillwater having been proposed by activist investors in a proxy contest. She has also recently been proposed by activists for the boards of MFC Industrial and Cliffs Natural Resources. She was a director of CML Healthcare (then TSX) from 2008-2013, latterly as chairman and also of Enssolutions, a mine tailings solutions company, and NB Power.
Patrice Merrin was a director of the Alberta Climate Change and Emissions Management Corporation from 2009 to 2014. She was also a member of the Canadian Advisory Panel on Sustainable Energy Science and Technology from 2005 to 2006, and from 2003 to 2006 was a member of Canada's Round Table on the Environment and the Economy.
Commenting on the new appointment, Tony Hayward, Chairman, stated:
"On behalf of the Board I am delighted to announce the appointment of Patrice Merrin. Patrice's in depth experience of operating across the resources sector will help strengthen the Board's ability to work with the opportunities and challenges presented by the global extractive industry. Her record of non-executive director appointments, activist involvement and industry advisory board service is also an excellent complementary skill set to our Board. "
The only matters which require disclosure in accordance with paragraph 9.6.13R of the UKLA's Listing Rules are the following:
Patrice E. Merrin:
1. is a director of Stillwater Mining Company (NYSE: SWC);
2. was a director of CML Healthcare Inc. (TSX: CLC) from 2008 to 2013 including holding the position of Chairman between 2011 and 2013 and interim chief executive officer between May 2011 and February 2012; and
3. was a director of Enssolutions Group Inc (TSX: Ven: ENV) from 2009 and 2011.
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Glencore is one of the world's largest global diversified natural resource companies. As a leading integrated producer and marketer of commodities with a well-balanced portfolio of diverse industrial assets, we are strongly positioned to capture value at every stage of the supply chain, from sourcing materials deep underground to delivering products to an international customer base.
Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Our diversified operations comprise over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. We employ approximately 200,000 people, including contractors.