Jeff Frase

The settlement is a similar size to a roughly $20 million package former co-CEO Jeff Frase received on leaving in 2017.

(Mar 5): Noble Group handed its outgoing co-Chief Executive Officer Jeff Frase a remuneration package worth about US$20 million ($26.4 million) last year, even as the commodity trader slumped to a record loss of almost US$5 billion.

(Nov 3): Noble Group executives mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a US energy unit to raise funds, with Chairman Richard Elman describing the asset as one of the company’s crown

SINGAPORE (Aug 11): Noble Group sunk into the red with losses of US$54.9 million ($73.8 million) in 2Q16 ended June, from earnings of US$62.6 posted in the same period last year.

GENEVA / SINGAPORE (May 31): Yusuf Alireza has gone but Noble Group Ltd’s challenges remain. The commodity trader that announced the chief executive officer’s resignation on Monday as yet more assets were put up for sale, still faces the hurdle of rai

SINGAPORE (May 30): Noble Group on Monday said it has accepted the resignation of CEO Yusuf Alireza, who guided the embattled Singapore-listed company though “some of the most difficult market conditions ever seen in commodities markets”.