Noble group CFO Van Der Zalm to step down, relocate to Europe

[JOHANNESBOURG] Noble Group Ltd, the commodity trader battling criticism of its accounting methods, a share-price slump and lower raw-materials prices, said Chief Financial Officer Robert van der Zalm is to step down.

Mr Van der Zalm recently took a health-related leave of absence and has now decided to relocate back to Europe to be with family, the Singapore-based company said in a statement on Thursday. Paul Jackaman, the Asia CFO, will take on the role of acting group CFO, the company said. Mr Van der Zalm will take on the role of vice chairman of finance, based out of Noble's London office.

BLOOMBERG