Xstrata CEO to step down, others follow lead

Mick Davis, the Chief Executive Officer of mining giant Xstrata, has announced that he will not take up the six-month position in the same role in the soon-to-be merged Glencore and Xstrata.

Mick Davis, the Chief Executive Officer of mining giant Xstrata, has announced that he will not take up the six-month position in the same role in the soon-to-be merged Glencore and Xstrata.

When the merger takes place - currently expected on May 2nd - Davis will step down from Xstrata, but will stay on as a consultant until the end of June to support the integration of the two companies.

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