From Employee Ownership Index
Jump to: navigation, search
Company details
For a description of the terms used in this table, please see the help page.
Ticker: GLEN
Sector: General Mining
Index: 3% and 10%
Date joined: 20-Jun-11
EO %: 10.8
Accounts: Dec-12
Revenue (£m): 138490.0
Employees: 57660
Ownership Attributes
Employees - individually %:
Employees - through a trust %:
Directors %: 24.9%
External shareholders %:
SAYE (Yes/No):
SIP (Yes/No):
CSOP (Yes/No):
EMI (Yes/No):

Company description

Glencore Xstrata Plc is a diversified natural resource company. The Company operates in three segments: Metals and Minerals, which includes copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore; Energy Products, which includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities, and Agricultural Products, which focuses on grains, oils/oilseeds, cotton and sugar. The Company's operations consist of over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. The Company is a producer and marketer of over 90 commodities, such as mobile phones, bicycles, cutlery, plastics and electricity, to customers in industries ranging from automotive to food processing and power. The Company's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

Employee ownership description

Glencore Xtstrata plc is an exceptional case of all employee share ownership. Glencore was formed in 1994 from the MBO of Swiss commodity trader Marc Rich & Co AG. It remained entirely management and employee owned until its IPO in May 2011, valuing the company at $60bn and creating 500 paper millionaires and billionaires as it placed 20% of its shares in public hands. Employees committed not to sell their shares for five years from the date of the IPO. Following the all share merger with Xstrata in May 2013, the company remains more than 10% owned by employees other than main board directors, according to a presentation by CEO Ivan Glasenberg on 14 May 2013.

Personal tools