Trafigura Group announces executive retirements and new CFO
Photo of Stephan Jansma courtesy of Trafigura Group

Trafigura Group announces executive retirements and new CFO

Trafigura Group Pte. Ltd., a multinational commodity trading company headquartered in Singapore, announced that Executive Director Jose Maria Larocca intends to retire from Trafigura at the end of September 2024. 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, effective end of June 2024. Salmon joined Trafigura in 2012 and has served as Group CFO for almost 10 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 effective July 1, 2024.

Larocca and Salmon will 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, The Trafigura Group equity had grown to more than USD16.5 billion, with activities in more than 150 countries and 12,000 employees globally.

Jansma brings more than 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, UK, the Netherlands and Singapore.

“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 the entire company, I pass on our sincere thanks and recognition for all that he has achieved and his leadership over the past 30 years,” said Jeremy Weir, Trafigura executive chair and CEO.

“Similarly, Christophe has made a major contribution to our company over his 12 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.”

The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and the Impala Terminals joint venture.