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Glencore reveals exec stakes
Commodities trader Glencore detailed the stakes held by some of its top execs yesterday, with its head of aluminium Gary Fegel emerging as one of the largest individual shareholders with a stake worth just over $1bn at current prices. Others with significant holdings disclosed yesterday include Stuart Cutler, who runs the ferrochrome division after the January shake-up, and newly appointed head of iron ore, Christian Wolfensberger. Steven Blumgart, who announced plans to leave the firm last month, holds 1.25 per cent.