Pierre Lorinet to step down at the end of the company’s financial year.
Amsterdam, 16th March 2015 – Trafigura Beheer B.V., a market leader in the global commodities industry, today announced that Pierre Lorinet, its Chief Financial Officer and Managing Director Asia-Pacific, is to step down from the roles at the end of the company’s financial year (30th September 2015). He will be succeeded as CFO by Christophe Salmon, currently CFO for Europe, the Middle East and Africa.
Lorinet has been Trafigura CFO since January 2007, overseeing a substantial deepening and diversification of the company’s financing base, and has been with the company since 2002. He moved to Singapore in 2012 to take over management of the Asia-Pacific region in addition to his CFO duties.
Claude Dauphin, Executive Chairman, commented: “I would like to thank Pierre for his tremendous contribution to Trafigura’s growth over the last 13 years and especially for his highly successful tenure as CFO, a time in which the company’s access to liquidity has been transformed. We regret his decision to move on, but he can be proud of the firm financial foundations he has established for Trafigura. The appointment of Christophe Salmon as his successor allows for an orderly transition, and underlines the strength of the team Pierre has built.”
Pierre Lorinet commented: “I have had a hugely exciting and rewarding time at Trafigura. But I have decided it is time to take a career break and devote myself to other interests including my family. With Christophe Salmon, Trafigura’s finance function will remain in excellent hands.”
Christophe Salmon joined Trafigura in 2012 from BNP Paribas. He is a graduate from Sciences Po in Paris and holds a Masters in Finance. After an active national service with the French Navy, Christophe started his career with credit insurance group Euler Hermes in France. In 1995 he joined BNP Paribas in the internal audit department, moving to the energy and commodities finance division in 2001. Here he rose through the ranks to be appointed head of the commodity finance department for EMEA, then the leading team in the market.
A further announcement will be made concerning responsibility for the Asia-Pacific region in due course.
For further information please contact:
Trafigura’s Global Press Office: +41 22 592 4528 or email@example.com
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Founded in 1993, the Trafigura Group has become one of the world’s leading independent commodity traders, specialising in the oil, minerals and metals markets. Primary trading activities are the supply and transport of oil and petroleum products and metals and minerals. The trading business is supported by industrial and financial assets including global oil products distribution company Puma Energy; joint venture company DT Group; global terminals operator Impala; Trafigura’s Mining Group and Galena Asset Management. The Trafigura Group is owned by 600 of its 5,600 employees who work in 36 countries around the world. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.
For more information visit: www.trafigura.com