• Tor Peterson, Kenny Ives and Nico Paraskevas will all leave in the coming months, according to an internal memo.
  • Ives and Paraskevas had been viewed as potential candidates for the CEO job but lost out in the race to succeed Ivan Glasenberg. 
  • The changes do little to address a lack of diversity in Glencore’s senior ranks: all the new department heads named in the memo are men.

Glencore is shaking up its top management, with three of its most senior traders set to depart — the latest step in a wider changing of the guard at the world’s largest commodity trader.

Tor Peterson, the head of coal trading, Kenny Ives, head of nickel trading, and Nico Paraskevas, head of copper trading, will all leave “in the coming months,” according to an internal memo from Chief Executive Officer Ivan Glasenberg.

Ives and Paraskevas — both in their mid-40s — had been

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