Glencore Xstrata says will appoint a female director by year-end

May 20, 2014 - 1:37:18 pm

LONDON: Mining and commodity trading company Glencore Xstrata will appoint a female director to its board by the end of this year, chairman Tony Hayward said during the company's annual general meeting with shareholders.

Glencore has come under criticism from some shareholders for being the last company in Britain's blue-chip FTSE-100 index with an all-male board.

A group of British public-sector pension funds, for example, has criticised both Glencore and Hayward, the former BP boss who on May 8 was appointed as permanent chairman after serving a year as interim chairman, for their failure to set targets for female representation on its board.

"Glencore values and promotes diversity across the company," Hayward said when opening Glencore's third annual general meeting since its listing in 2011. (Reuters)