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Press release

Management changes announced

Amsterdam, 24th March 2014 - Trafigura Beheer B.V., ("Trafigura"), a market leader in the global commodities industry, has today announced changes in its senior management team. Claude Dauphin, Chairman and Chief Executive Officer, will become Executive Chairman. Jeremy Weir has been appointed Chief Executive Officer. In addition, Mariano Marcondes Ferraz is joining the Management Board. The changes take immediate effect.

Today's announcement marks the latest stage in the evolution of Trafigura's governance and management structure as the company has grown larger and more complex, and illustrates the rise of a new generation of senior managers leading the company. The new structure will strengthen the management team's capacity to oversee a Group whose turnover has almost trebled in the last five years and whose operations now span 58 countries, employ nearly 9,000 people, and feature an extensive range of industrial, logistical and financial assets.

Jeremy Weir, 50, an Australian national who graduated in geology from the University of Melbourne, joined Trafigura in 2001. He brings all-round experience in the areas relevant to the task of leading the company: trading, finance, mergers and acquisitions, physical and financial markets, risk management and mining.

Mariano Marcondes Ferraz joined Trafigura in 2007, having previously worked for Glencore in Brazil, and became CEO of Trafigura affiliate DT Group in 2009. He also serves on the board of Puma Energy and is a member of the Porto Sudeste Consortium Board.




Further Information

Trafigura's Global Press Office,
Tel: +41 22 592 4528, Email: media@trafigura.com

 

Notes to editors

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 non-ferrous and bulk commodities. 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 over 700 of its almost 9,000 employees who work in 58 countries. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. www.trafigura.com