New chairman for Xstrata
MINING company Xstrata, which controls significant global mining assets including base metal and coal operations in Queensland, is to have a new chairman.
The company announced this week that Willy Strothotte will retire as chairman and non-executive director on May 4 and that Sir John Bond will join Xstrata’s board as a consultant immediately and will be appointed chairman from that date, subject to shareholder election.
Sir John is chairman of Vodafone Group and will step down from the position on July 26.
Mr Strothotte has served as chairman of the Xstrata board since the company’s initial public offering in 2002 and was chairman of Xstrata AG from 1994 to 2002. He is chairman of metals trader Glencore International AG and is currently a director of Century Aluminium Corporation, Minara Resources Ltd and KKR Financial Holdings LLC.
Sir John Bond became chairman of Vodafone plc in 2006.
He is a non-executive director of AP Moller-Maersk, t he i nternational shipping and investment company, and Shui On Land Ltd, a Hong Kong quoted property development company specialising in China. He is a member of various bodies in China: China Development Forum; China Banking Regulatory Commission International Advisory Board, and Tsinghua School of Economics and Management, Tsinghua University.