financetom
Business
financetom
/
Business
/
Glencore's global head of naphtha Oliver Bowen to join rival Vitol, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Glencore's global head of naphtha Oliver Bowen to join rival Vitol, sources say
Oct 21, 2025 12:04 PM

NEW YORK, Oct 20 (Reuters) - Glencore's ( GLCNF ) global

head of naphtha trading, Oliver Bowen, is set to leave for rival

Vitol, four sources told Reuters on Tuesday, making him the

latest top trader to depart from the London-listed commodities

trading and mining firm in recent months.

Bowen will start at Vitol on November 7 and oversee the

world's largest commodities trader's European naphtha book, one

of the sources said.

The sources requested anonymity to discuss confidential

information.

Bowen could not be contacted for comment. Vitol and Glencore ( GLCNF )

declined to comment.

Bowen's departure from Glencore ( GLCNF ) comes as the company

undertakes a broader reorganization of its trading operations,

after facing a sharp slump in earnings from that department.

Core earnings from Glencore's ( GLCNF ) energy and steelmaking coal

trading activities fell to $306 million in the first half of

this year, the lowest for that period since 2016, the company

reported in August.

Bowen, 42, has been Glencore's ( GLCNF ) head of naphtha trading since

at least 2017, according to a profile on the UK government's

Companies House. He served as a director of the UK-based

Petrochemical Feedstock Association since February 2017 until he

resigned in April this year, the profile showed.

Glencore's ( GLCNF ) current head of oil and gas trading, Alex Sanna,

is set to step down from his role at the end of this year,

Reuters earlier reported, citing a staff memo. Another Glencore ( GLCNF )

veteran, Maxim Kolupaev, who currently heads gas and power

trading for the firm, will replace Sanna, who headed the

company's oil trading desk for the past six years.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
LivaNova's Q3 Adjusted Earnings, Net Revenue Rise; 2024 Guidance Lifted
LivaNova's Q3 Adjusted Earnings, Net Revenue Rise; 2024 Guidance Lifted
Oct 30, 2024
06:54 AM EDT, 10/30/2024 (MT Newswires) -- LivaNova ( LIVN ) reported Q3 adjusted earnings Wednesday of $0.90 per diluted share, up from $0.73 a year earlier. Analysts polled by Capital IQ expected $0.72. Net revenue for the quarter ended Sept. 30 was $318.1 million, up from $286.1 million a year earlier. Analysts surveyed by Capital IQ expected $300.5 million....
Trane Technologies' Q3 Adjusted Earnings, Revenue Increase; Full-Year Outlook Raised
Trane Technologies' Q3 Adjusted Earnings, Revenue Increase; Full-Year Outlook Raised
Oct 30, 2024
07:05 AM EDT, 10/30/2024 (MT Newswires) -- Trane Technologies ( TT ) reported Q3 adjusted earnings Wednesday of $3.37 per diluted share, up from $2.79 a year earlier. Analysts polled by Capital IQ expected $3.24. Revenue for the quarter ended Sept. 30 was $5.44 billion, compared with $4.88 billion a year earlier. Analysts polled by Capital IQ expected $5.32 billion....
nCino Agrees to Acquire FullCircl for $135 Million in Cash
nCino Agrees to Acquire FullCircl for $135 Million in Cash
Oct 30, 2024
07:07 AM EDT, 10/30/2024 (MT Newswires) -- nCino (NCNO) said Wednesday it has signed a definitive agreement to acquire UK-based SaaS platform FullCircl for $135 million in cash. nCino said $15 million from the purchase price will be retained for two years as security for warranties and covenants. ...
Bank of America in Talks With CFPB Over Zelle Network Inquiry
Bank of America in Talks With CFPB Over Zelle Network Inquiry
Oct 30, 2024
07:01 AM EDT, 10/30/2024 (MT Newswires) -- Bank of America ( BAC ) said in a Tuesday filing that it is in talks with the Consumer Financial Protection Bureau over a potential resolution or enforcement action on the watchdog's inquiry into the company's electronic payments processing through the Zelle network. The company said it has been responding to the inquiry...
Copyright 2023-2026 - www.financetom.com All Rights Reserved