Global commodities player Trafigura will see two of its long-serving high-ranking officials depart this year. The company said in a media release that its executive director Jose Maria Larocca intends to retire at the end of September, while chief financial officer (CFO), Christophe Salmon, plans on retiring in June 2024.
Larocca joined Trafigura in 1994 and was appointed to the Trafigura Management Board as Head of Oil and Petroleum Products in 2007, the company said. Salmon, joined Trafigura in 2012 and has served as Group CFO for almost ten years.
Trafigura said that as a result of these retirements, it will bring Stephan Jansma, currently CFO, Asia Pacific, to assume the role of Group CFO, starting July 1, 2024. Jansma brings over 25 years of experience in the commodities and banking industry. He joined Trafigura in 2013 as Head of Structured and Trade Finance, and became CFO, Asia Pacific based in Singapore in 2021. He previously held positions at Rabobank as Head of Energy, Asia and Fortis Bank in London, the Netherlands and Singapore, Trafigura said.
Ben Luckock will continue serving in his role as Global Head of Oil.
“Jose has played a pivotal role in driving Trafigura’s growth and success from the company’s earliest days to today. On behalf of the Board and entire company, I pass on our sincere thanks and recognition for all that he has achieved and his leadership over the past 30 years”, Jeremy Weir, Executive Chair and CEO, said.
“Similarly, Christophe has made a major contribution to our company over his twelve years at Trafigura. His considerable skill, energy and commitment to the success of our business leaves Trafigura in a robust position for future growth. With these strong foundations, we wish Stephan every success in his new role”, Weir added.
In its statement, Trafigura highlighted that during the tenure of Larocca and Salmon, the company reported record financial results for the last three years in a row. At the end of FY2023, Trafigura’s equity had grown to over $16.5 billion.
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