Tuesday, February 7, 2012

Noble names former Goldman Asia chief Alireza as CEO

Commodities firm Noble Group named a former Goldman Sachs top Asian banker as its chief executive officer as it seeks to ease worries over a spate of senior level departures, reported Reuters.

Yusuf Alireza will take charge as the CEO with effect from April 16, while founder Richard Elman will step down as acting CEO, but remain chairman, Noble said in a statement on Monday.

Alireza was the former co-president of Asia, excluding Japan, for Goldman Sachs and a member of that Noble’s Global Management Committee.

Leiman's resignation marked the second time Noble had changed its CEO in two years and came after the departure of two senior executives, previous executive chairman Toby Brown and long-time chief financial officer Stephen J. Marzo.

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