New Glencore zinc chief's rise is more than made in Kazakhstan

When Nick Popovic was formally announced in August as Glencore's new head of zinc and lead trading, the news came as little surprise to watchers of the company.

A long-running senior executive in the division, with experience leading the key Kazzinc group of assets, the move to succeed Daniel Mate was seen by many as a natural fit.
"Nick's been in the company for many years, he's a good safe set of hands," Glencore chief executive officer Ivan Glasenberg told Fastmarkets during a media briefing on August 6.
Popovic's appointment is said to be emblematic of the company's new generational shift; where an old guard of trading department heads, who developed under the wing of legendary founder Marc Rich, is being replaced by younger executives.

But the world's largest commodities trader, with a 2019 annual revenue of $194 billion eclipsing the gross domestic product of Qatar, is also in the midst of a top leadership transition; Popovic's switch to divisional head puts his name in the ring as to who will ultimately succeed Glasenberg as CEO, company insiders...

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