Cargill ferrous-trading chief takes energy role amid sale discussions
Felix van Thiel shifted to lead Cargill’s energy-optimisation team as the commodities group negotiates a possible sale of its ferrous-trading business.
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what happened
Felix van Thiel, who ran Cargill’s international ferrous-trading operation, became the company’s global head of energy optimisation in September, his LinkedIn profile indicates. Reuters reported the change. He had spent nearly five years overseeing the ferrous business.
The reassignment follows Reuters’ June report that Cargill was discussing a sale of the unit. Australian investment bank Macquarie Group and trading firm Gunvor were identified as potential buyers in that report.
Van Thiel has worked at Cargill for nearly two decades. His profile also lists earlier trading experience in certain oil products and ferrous metals. Neither he nor Cargill immediately answered Reuters’ questions about the move.
why it matters
The executive change comes while Cargill weighs a transaction involving its ferrous-trading operation, highlighting a possible reshaping of the group’s commodities business.
instruments
sources
- Cargill's ferrous trading head moves units amid talks to sell the business — Reuters, 12 October 2026 at 08:28 UTC
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