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Trafigura CEO Steps Down Due to Illness, Replacement Effective Immdiately

Mar 24, 2014
Jing Chen

The chief executive officer of metals trader Trafigura Beheer BV has stepped down from his role to receive medical treatment for an undisclosed illness, according to a Bloomberg Businessweek report.

Amsterdam-based Trafigura announced in a statement Monday that its co-founder Claude Dauphin will be replaced by Jeremy Weir immediately. Weir, who joined Trafigura in 2001 and also led the firm’s hedge fund firm business Galena Asset Management, was originally due to take over the CEO role at the end of September.

The Bloomberg Businessweek article reported that in Weir’s new role, he will need to meet expectations set by a predecessor--the last of the firm’s six founders with an executive role--who almost tripled revenue in the past five years to $133 billion by 2013.

Founded in 1993, Trafigura is the world’s second-biggest metals trader. 

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