Trafigura says co-founder undergoing medical treatment

NEW YORK Mon Mar 24, 2014 10:27am EDT

Trafigura logo is pictured in the company entrance in Geneva March 11, 2012. REUTERS/Denis Balibouse

Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.

Credit: Reuters/Denis Balibouse

NEW YORK (Reuters) - Trading house Trafigura had to bring forward chief executive succession plans after co-founder and CEO Claude Dauphin needed to have medical treatment, the company said on Monday.

"Claude is receiving treatment for medical condition. He intends to continue being hands on and responsible for leadership and business development. New CEO Jeremy Weir will be responsible for day-to-day operations," a Trafigura spokeswoman said.

(Reporting by Dmitry Zhdannikov. Editing by Jane Merriman)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.