Noble Group Ltd. will name Ian Potter, a former senior banker at Morgan Stanley, as chairman, replacing Paul Brough for the role, Reuters reported Nov. 12, citing sources with knowledge of the matter.
According to one of the sources, Potter has already been working with Noble in an advisory capacity for the past few months.
An external spokeswoman at Noble had no immediate comment and Potter could not be reached, Reuters said in the report.
The company is seeking to complete its US$3.5 billion debt restructuring plan, with the schemes to be introduced in courts in London and Bermuda for approval.
