Trafigura Reshuffles Top Team as Metals Losses Rattle Trader (1)

Trafigura Group announced a shakeup in its senior ranks as the commodities trading giant wrestles with the future of its metals business, which was hit by a massive alleged nickel fraud earlier this year.

The company reorganized its most senior cadre of management under a new, slimmed-down executive committee that will be led by Chief Executive Officer Jeremy Weir and executive director Jose Larocca, it said in a statement.

Trafigura’s senior traders have been jostling for position as the company faces the end of a period of management stability with the upcoming retirement of Mike Wainwright, who with Weir ...