By Alexis Flynn
LONDON--The co-head of commodity titan Glencore PLC's iron-ore
trading division, Christian Wolfensberger, has left the company,
according to a person familiar with the matter.
His departure was due to personal reasons, the person said. Mr.
Wolfensberger, a Swiss national who had worked at Glencore for 20
years, wasn't immediately available for comment.
A senior Glencore iron-ore trader, Jyothish George, has been
appointed to work alongside Mr. Wolfensberger's iron-ore co-head,
Mark Eames, the person said.
Mr. Wolfensberger co-headed the iron ore division from the time
it was set up in 2012, and previously marketed nickel and
ferroalloy for Glencore.
The change in the iron ore division's leadership comes after Rio
Tinto last week said it had rejected a tentative merger approach
from Glencore. Rio Tinto is one of the world's largest iron-ore
producers, generating the vast majority of its earnings from the
commodity.
At the time of Glencore's 2011 initial public offering
prospectus, Mr. Wolfensberger held a stake worth $580 million in
the company.
Write to Alexis Flynn at alexis.flynn@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires