(Reuters) -Richard Holtum will take over as Chief Executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.
Outgoing CEO Jeremy Weir will take up the role of group chairman on the same date.
Holtum, who will become a member of Trafigura’s board of directors from October, will pass his role as global head of gas, power and renewables to the current head of power trading, Igor Marin.
Reuters exclusively reported in April that Weir had begun priming Holtum to take the helm.