Trafigura, a leading commodity trading firm, has admitted that its founder and former Chief Executive Officer, Claude Dauphin, approved bribe payments for securing oil deals in Brazil. This revelation comes as part of a plea agreement with U.S. authorities, where Trafigura pleaded guilty to charges of bribery. Following this admission, Trafigura is undergoing a significant management shake-up, with two of its most senior executives, including CFO Christophe Salmon, who will retire in June, and executive director Jose Larocca, effectively the company's number 2, announcing their retirement. Stephan Jansma is set to take over as the new finance chief. These changes mark a pivotal moment for Trafigura as it navigates the fallout from the bribery scandal.
Trafigura Says Two Top Executives to Leave in Major Shake-Up Executive director Larocca, CFO Salmon to depart trader Trafigura announced sweeping management shakeup in September #oott https://t.co/Wyy0ptNYXs
Top Trafigura executives retire as new generation steps up https://t.co/yqIimoJnUV
Trafigura finance chief and top director to exit in shake-up https://t.co/w8Yr3QJh8P
Trafigura CFO Christophe Salmon to retire in June https://t.co/tkHRTEAPfL https://t.co/UmFtJfxUEj
Two of Trafigura Group’s most senior executives are leaving the company, in a major shake-up at one of the world’s top commodity traders https://t.co/tdhqddg4VQ
COMMODITY TRADING: Management shake-up at Trafigura, with Jose Larocca (effectively the company's number 2) and Christophe Salmon (CFO) both retiring. Stephan Jansma becomes new finance chief. The management shake-up come days after Trafigura pleaded guilty to charges of bribery…
COMMODITY TRADING: Trafigura admits its founder and former CEO Claude Dauphin approved bribe payments for oil deals in Brazil https://t.co/qplG8dzMuE @jfarchy
Shocked.... Commodity trading behemoth Trafigura admits its founder and former Chief Executive Officer Claude Dauphin approved bribe payments for oil deals in Brazil https://t.co/MMqviOJ0GY via @business
Trafigura Admits Its Founder Claude Dauphin Approved Bribes Dauphin knew payments would be used to bribe officials Former CEO implicated in Trafigura’s plea agreement with US #oott https://t.co/z8PqwjasYQ
Commodity trading behemoth Trafigura admits its founder and former Chief Executive Officer Claude Dauphin approved bribe payments for oil deals in Brazil https://t.co/zMzsp6STe6