Glencore sees first executive exit post-IPO

Commodities trader Glencore is set to lose one of its most senior executives, the first exit since its high-profile public offering last year, as part of a reorganisation of its upper echelons, a source close to the company said. Steven Blumgart, Glencore's co-head of its alumina and aluminium division and a member of its 13-strong management committee, will be leaving the company within the year.

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