Brian Gilbertson is to step down as president of Russian aluminium company SUAL and will have no executive role in the new entity to be created shortly by the merger of the company with RusAl and the aluminium interests of Glencore.
As ever with Gilbertson—a high profile player in the metals industry having once been head of BHP Billiton—his pending departure has provoked a rash of reports and speculation in the world's media.
However, in truth, he himself admitted he would probably not play a role in the new United Company RusAl when he briefed the press on a move to buy Australian nickel-manganese producer Consolidated Minerals a couple of weeks ago.
Gilbertson's UK investment vehicle Pallinghurst Resources and private US coal group AMCI will take a 60% stake in the company with current shareholders retaining the balance 40%.
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