Trafigura Names Gas Boss Richard Holtum as CEO From January (1)

Trafigura Group has appointed gas, power and renewables head Richard Holtum as its new chief executive officer, replacing Jeremy Weir who will stay on as chairman of the commodity trading giant.

Holtum, a 39-year-old former British army captain, will become CEO on Jan. 1, the company said in a statement. The announcement marks a stunning rise for Holtum, who joined Trafigura a decade ago and was little known outside of the world of gas and power when Bloomberg first reported earlier this year that he was in pole position to succeed Weir as CEO.

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