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Glencore proposes faster share payout for CEO in a takeover

Published

Large piles of reddish ore beside a yellow conveyor and processing structure at a mine site.
by sarangib via Pixabay

Glencore is talking to shareholders about a new pay deal for chief executive Gary Nagle. The change would let him cash out long-term share awards sooner if the UK-listed miner is taken over.

Nagle has led the commodities group since 2021. Glencore is the company proposing the change to his pay package.

Key facts

Who
Gary Nagle (chief executive of Glencore); Glencore (UK-listed commodities group and miner proposing the pay change)
What
Glencore, the UK-listed miner, is talking to shareholders about a new pay deal for CEO Gary Nagle, who has led the group since 2021. The proposed change would let Nagle cash out long-term share awards faster if the company is taken over.
When
2 November 2026
Status
Reported

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