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Glencore chief executive Glasenberg to leave Russia’s Rosneft board

Reuters | March 7, 2019 | 2:20 pm Europe

Ivan Glasenberg, head of Glencore, will no longer be a member of the board of Russian oil major Rosneft, Rosneft board meeting minutes showed on Thursday.

Glencore sold a 14.16 percent stake in Rosneft in May 2018, the company said, and now holds a stake of 0.57 percent.

Rosneft listed 11 candidates for membership of the board on Thursday, all of whom were put forward by shareholders with over 2 percent voting rights. The list did not include Glasenberg.

(By Olesya Astakhova and Polina Ivanova)