Bond to leave Xstrata board after incentive plan rejected
Nov 21, 2012 | 12:24 PM
| Janie Davies
Tags
Xstrata,
Glencore International,
Sir John Bond,
merger,
incentive plans,
merger,
Metal Bulletin,
Janie Davies
LONDON — Xstrata Plc chairman Sir John Bond will step down from his role after shareholders approved the proposed merger of Xstrata and Glencore International Plc but rejected a £144-million ($229-million) incentive plan to retain key Xstrata staff.
The retention plan, which Bond sanctioned, was initially a precondition of the merger, but it met shareholder disapproval when it was unveiled. ....
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