FORMER BP chief executive Tony Hayward is in early talks about joining the board of commodities trader Glencore as part of its planned initial public offering, it emerged yesterday.
Hayward, who is a non-executive director for Russian oil venture TNK-BP, recently met with Glencore chief executive Ivan Glassenberg to discuss taking a non-executive role, according to reports yesterday.
Glencore is meeting with a number of candidates to oversee the firm if it floats either in London or Hong Kong during the next year, one source told City A.M.
The company declined to comment on the report.
Glencore would have to reshuffle its board if it floats to comply with corporate governance rules.