Director and CFO Milton Au is to retire at the end of the year from Noble Group, <

  • xml:namespace prefix = st1 />Asia’s biggest commodity trading group. Au will remain a non-executive director of the company and, upon his retirement, will become vice-chairman of the audit committee. Au is retiring as a result of a need to concentrate his efforts on his family business.


The group claims it is extremely grateful to Au for his contributions as an executive during his tenure at Noble and looks forward to an ongoing association via his continuing roles on the Noble board as a non-executive director.

Richard Elman, Chief Executive of the Noble Group commented “We wish Milton well in his retirement and are most pleased that he will stay with us on the board and as vice-chair of the audit committee”.

A committee of the board, of which Au is also a member, has been established to identify a new CFO for the group and a global search has already commenced.