Commodity Trader Noble Group CEO Yusuf Alireza Resigns

Singapore Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza and planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence.

Alireza, a former Goldman Sachs banker had drive Asia’s biggest commodity trader to sell assets, cut business lines and take big write-downs as it battled weak commodity markets and the fallout from an accounting dispute. Noble came under the spotlight in February last year when it was accused by Iceberg Research of overstating its assets by billions of dollars, claims which Noble rejected.

So let’s do:
1. Commodity Trader Noble Group CEO _____________.

Source – The Economics Times


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