Corporate structure

Trafigura Beheer B.V. (Trafigura), the parent company of the Trafigura Group, is incorporated in the Netherlands and is therefore subject to the Dutch legal framework. Trafigura is also managed and controlled from Amsterdam.

Trafigura seeks to voluntarily comply with various provisions of the Dutch Corporate Governance Code which applies to all Dutch companies with a stock exchange listing. The Code is not part of Dutch law although it has been embedded in the Dutch Civil Code. Compliance with the Code is therefore not obligatory for Trafigura but it has elected to comply with those provisions which it believes promote good corporate governance and (ii) are relevant for a privately owned company.

Trafigura is owned by its management and employees. This ownership structure enables Trafigura to achieve long-term growth by building sustainable, successful businesses combined with a prudent risk management philosophy. It contributes significantly to the depth and stability of our management teams, aligns employee and stakeholder interests and is a key ingredient to attract new employees.

Board structure

The key features of the top level corporate governance structure are set out below.

Supervisory Board

The role of the Supervisory Board is to supervise the policies of the Board of Directors in relation to the general affairs of Trafigura, with particular emphasis on:

  • Governance
  • Compliance
  • Risk management.

Whilst retaining overall responsibility, the Supervisory Board delegates certain tasks to three permanent committees:

  • Audit Committee
  • Remuneration Committee
  • Selection and Appointment Committee

Board of Directors

The Board of Directors is responsible for:

  • Corporate strategy
  • Stakeholder relations
  • Oversight of Group activities

Management Board

The Management Board is responsible for:

  • Management of the Group’s core trading activities
  • Coordination of commercial strategy with the industrial asset divisions

Supervisory Board

An image of Eric de Turckheim the Trafigura Chairman and Board member

Eric de Turckheim

A founding partner of Trafigura and Chief Financial Officer from the company's inception until January 2007. Prior to founding Trafigura, Eric de Turckheim was with Marc Rich AG (now Glencore AG) where he was Finance Director (1985-1993). Before that, he was with Banque Paribas in Paris and London where he held responsibilities in corporate banking and commodities financing (1978-1984).
An image of Andrew Vickerman a Trafigura Supervisory Board member

Andrew Vickerman

Andrew Vickerman spent almost 20 years with Rio Tinto, one of the world's leading mining companies, the last ten as a member of the Executive Committee with responsibility for Global Communications and External Relations. An economist by background he has previously worked for The World Bank and other international agencies.
An image of Lord Thomas Strathclyde a Trafigura supervisory board member

Lord Thomas Strathclyde

Lord Thomas Strathclyde was, until January 2013, the Leader of the House of Lords and a member of the UK Cabinet. In a distinguished political career he held senior ministerial positions in the departments of Employment, Environment and Trade and Industry. He has also had an extensive non-executive career in a number of financial services businesses.
Christopher Cox

Christopher Cox

Director

Christopher Cox was formerly the Head of the Non-ferrous and Bulk trading division at Trafigura and a member of the Management Board between March 2004 and December 2011 and a member of the Board of Directors from October 2013 until early September 2014.  Prior to working for Trafigura, Christopher was employed by Gold Fields of South Africa holding positions in mine and project evaluations and marketing of base metal concentrates and refined metals and sales strategy.  Chris was educated in South Africa and holds a BSc (Hons) in Geology and an MBA from University of Cape Town Graduate School of Business.

Board of Directors

An image of Claude Dauphin the Trafigura Executive Chairman and Founding Partner

Claude Dauphin

Executive Chairman and Founding Partner

Claude Dauphin has been a leading figure in the global commodities trading industry for more than three decades. He founded Trafigura together with five partners in 1993, and as Chairman and CEO built the company into its current position as one of the world’s three largest independent traders of oil and non-ferrous and bulk commodities. In March 2014, he became Trafigura’s Executive Chairman.

Before founding Trafigura, Claude Dauphin worked for Marc Rich AG as Petroleum Division Head and Executive Committee Member (1988-1992), Head of the Lead and Zinc Department and Country Manager in Bolivia (1977-1988). He is the last of Trafigura's six founding partners to occupy an executive role with the company.

An Image of Jeremy Weir the Chief Executive Officer Trafigura

Jeremy Weir

Chief Executive Officer

Jeremy Weir was appointed CEO of Trafigura in March 2014 after a career spanning nearly three decades in commodity and commodity derivative markets. An Australian national, he joined the Trafigura Group in 2001 as head of metals derivatives, structured products and risk management. Immediately prior to his current appointment he served as a Management Board Director, Head of Risk and CEO of Galena Asset Management and Trafigura Mining Group.

Before Trafigura, Jeremy spent nearly nine years between 1992 and 2000 with N M Rothschild.

An image of Mark Irwin Director of Corporate Structure for Trafigura

Mark Irwin

Corporate Structure

Mark Irwin is a UK qualified chartered accountant who joined Trafigura as financial controller in 1994 and was appointed as a director in 2004 to provide support for Trafigura’s corporate and IT infrastructure.
An image of Pierre Lorinet the Trafigura Chief Financial Officer

Pierre Lorinet

Chief Financial Officer

Pierre Lorinet was appointed Chief Financial Officer and Management Board member of Trafigura in January 2007. He joined Trafigura in 2002 as Co-head of Structured and Corporate Finance. In 2012, Pierre relocated to Singapore to take over management of the Asia-Pacific region in addition to his CFO duties. 
 
Prior to joining Trafigura, Pierre worked for Merrill Lynch in London in the areas of structuring of asset-backed securities and of debt origination. He started his career in commodity finance at Banque Indosuez in Bahrain. A French national, he holds a Masters degree in Business from ESCP Europe in Paris and an MSc in Finance from Lancaster University.
An Image of  Mike Wainwright the Chief Operational Officer for Trafigura

Mike Wainwright

Chief Operational Officer

Mike Wainwright was appointed Chief Operational Officer and Trafigura Management Board member in January 2008. His principal focus is the management of the middle and back office support teams for the trading division in addition to direct responsibility for the group’s P and L.
 
Mike joined Trafigura in 1996 as an accounts assistant in the Oil division. He has held various roles within the group, covering accounting, deals desk and middle office IT development. A UK national, Mike holds a BSc in Mathematics and Actuarial Studies from Southampton University.
An Image of Mariano Marcondes Ferraz Management Board Member of Trafigura

Mariano Marcondes Ferraz

Business Development

Mariano Marcondes Ferraz was appointed to the Management Board in September 2014, with responsibilities including business development and external partnerships. He joined the Group in 2007 and appointed Chief Executive Officer of Trafigura affiliate DT Group in 2009. He also serves on the Board of Directors of Puma Energy.
 
Prior to joining the Trafigura Group, Mariano worked for Marc Rich and then Glencore in Brazil. He was the founding partner of storage and bunkering company Decal in Brazil and of the shipping company UP Offshore. Before he moved to Europe, he was on the Board of Directors of the Federation of Industries of Rio de Janeiro State (Firjan) and the Federation of the Chambers of Foreign Trade (FCCE). Mariano is a Brazilian national and holds a Bachelor’s degree in Business.

Management Board

An image of Claude Dauphin the Trafigura Executive Chairman and Founding Partner

Claude Dauphin

Executive Chairman and Founding Partner

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An Image of Jeremy Weir the Chief Executive Officer Trafigura

Jeremy Weir

Chief Executive Officer

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An image of Simon Collins Head of Non-ferrous and Bulk Commodities for Trafigura

Simon Collins

Head of Metals and Minerals Commodities

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An image of Jose Larocca Head of Oil Trading for Trafigura

Jose Larocca

Head of Oil Trading

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An image of Duncan Letchford Head of Derivative Trading for Trafigura

Duncan Letchford

CHIEF EXECUTIVE OFFICER, GALENA

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An image of Pierre Lorinet the Trafigura Chief Financial Officer

Pierre Lorinet

Chief Financial Officer

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An Image of Mariano Marcondes Ferraz Management Board Member of Trafigura

Mariano Marcondes Ferraz

Business Development

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An Image of  Mike Wainwright the Chief Operational Officer for Trafigura

Mike Wainwright

Chief Operational Officer

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