Aberdeen boss Gilbert joins Glencore board

Mining giant Glencore has appointed co-founder and chief executive of Aberdeen Asset Management Martin Gilbert as an independent non-executive director of the company with immediate effect.

Glencore’s annual report shows the base annual fee for a non-executive director is $135,000 (£104,230), with further amounts payable depending on memberships or chairmanships of board committees responsible for the likes of audit and remuneration.

The latest appointment adds to a long list of directorships for Mr. Gilbert who was appointed Chairman of the Prudential Regulation Authority’s Practitioner Panel in December 2013 and sits on the of the Institute of International Finance.

He is also a member of the International Advisory Panel of the Monetary Authority of Singapore and the International Advisory Board of British American Business. As well as the Deputy Chairman of Sky PLC.

Prior to this, he has served as Chairman of FirstGroup PLC.

Mr. Gilbert, who was born in Malaysia, was educated in Aberdeen and has an MA in Accountancy and an LLB. In 2009 he was awarded the honorary degree of Doctor of Laws by the University of Aberdeen.

He is also Adjunct Professor of Finance at Imperial College Business School and in 2014 was awarded a Doctorate of Letters from Heriot-Watt University.

Glencore chairman Tony Hayward, said: “On behalf of the Board I am delighted to announce the appointment of Martin Gilbert. Martin is one of the leading entrepreneurs of asset management and also has a long track record as a FTSE Non-Executive Director. We are delighted that Martin has agreed to join us and look forward to benefitting from his experience and insights.”

Mr Gilbert is now a director of: