FILE
PHOTO: Noble Group founder and Chairman Richard Elman poses at
his office in Hong Kong
Thomson
Reuters
SINGAPORE/BENGALURU (Reuters) – Embattled commodity trader Noble
Group Ltd said on Monday that its founder, Richard Elman, will
not take up a previously announced position as an executive
director in the restructured company, citing “personal reasons”.
Once Asia’s largest commodity trader, Noble has shrunk its
business after selling billions of dollars of assets, taking
hefty writedowns and cutting hundreds of jobs. Its restructuring
plan – crucial to its survival – gained ground last month when it
won over a key shareholder with a swee…
Read the full article at: http://uk.businessinsider.com/r-noble-group-founder-declines-executive-director-role-in-restructured-firm-2018-8