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Glencore appoints South African non-executive director

The board for natural resource commodities producer and trader, Glencore, has announced the appointment of Gill Marcus as an Independent Non-Executive Director of the company with effect from 1 January 2018.

Commenting on the new appointment, Tony Hayward, Chairman, said, “I am extremely pleased that Gill Marcus has accepted the Board’s invitation to become a Director of Glencore. We believe that her long record of public service coupled with her finance experience, geo-political insights and non-executive board experience will be a great benefit to us.”

A University of South Africa graduate, Marcus has acted as chairperson of a number of South African regulatory and supervisory bodies, including the Financial Services Board and the Standing Committee for the Revision of the Banks Act.

She has also served as a non-executive director of the Advisory Board of the Auditor General and was a member of the Millennium Labour Council.

She worked in exile for the African National Congress from 1970 until 1994 in a variety of roles including that of Deputy Secretary of Information and Publicity.

Returning to South Africa in 1990, Gill was a key member of the team that prepared for the first democratic elections. In 1994 she was elected to the South African Parliament, where she chaired the Joint Standing Committee on Finance. In 1996 she was appointed as Deputy Minister of Finance and in 1999 as Deputy Governor of the Reserve Bank, where she served for 5 years.

Marcus was also the non-executive chairperson of the Absa Group from 2007 to 2009. She has also been a non-executive director of Gold Fields Ltd and Bidvest, and Governor of the South African Reserve Bank from November 2009 to November 2014.

 

 

 

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