Trafigura announces management changes

Trafigura logo is pictured in the company entrance in Geneva March 11, 2012. REUTERS/Denis Balibouse

Trafigura, a market leader in global commodities, announces that at the March Board meeting, Executive Director Jose Maria Larocca notified the Board of his intention to retire from Trafigura at the end of September.  Mr Larocca joined Trafigura in 1994 and was appointed to the Trafigura Management Board as Head of Oil and Petroleum Products in 2007. 

Separately, Christophe Salmon, Chief Financial Officer, also informed the Board of his intention to retire, with effect from the end of June 2024. Mr Salmon joined Trafigura in 2012 and has served as Group CFO for almost ten years.  

Ben Luckock will continue in his role as Global Head of Oil. Stephan Jansma, currently CFO, Asia Pacific will assume the role of Group CFO from 1 July 2024.

Jeremy Weir, Executive Chair and CEO, said: “Jose has played a pivotal role in driving Trafigura’s growth and success from the company’s earliest days to today. On behalf of the Board and entire company, I pass on our sincere thanks and recognition for all that he has achieved and his leadership over the past 30 years. 

“Similarly, Christophe has made a major contribution to our company over his twelve years at Trafigura. His considerable skill, energy and commitment to the success of our business leaves Trafigura in a robust position for future growth. With these strong foundations, we wish Stephan every success in his new role.”

Jose and Christophe retire after distinguished careers with Trafigura, culminating in the Group reporting record financial results for each of the past three years.  At the end of FY2023, Group equity had grown to over USD 16.5 billion, with activities in over 150 countries and 12,000 employees globally. 

Stephan Jansma brings over 25 years’ experience in the commodities and banking industry. He joined Trafigura in 2013 as Head of Structured and Trade Finance, and became CFO, Asia Pacific based in Singapore in 2021. He previously held positions at Rabobank as Head of Energy, Asia and Fortis Bank in London, the Netherlands and Singapore.