Glencore chief executive Ivan Glasenberg is planning to quit the mining company within three to five years, according to reports.
Mr Glasenberg is said to have talked with investors about leaving the FTSE 100 resources and commodity business, having begun grooming three or four potential successors.
The South African, who has had a 30-year career at Glencore and held the top job since 2002, is seen as synonymous with the company’s identity and is its driving force.
However, an investigation into Glencore by the US Department of Justice (DoJ) into bribery and corruption allegations has raised questions about whether the billionaire should continue to head the company.
News of the investigation…