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Under the old deal, Mr Glasenberg would have become deputy chief executive of the new business.
BBC: Glencore tables fresh Xstrata bid
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Neil Bentley, deputy director-general of the CBI business body said the news helped firm up the British economy's position in a global economy.
BBC: Land Rover to create 1,000 jobs at Halewood
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From 1996 to 1998, he was the Deputy for Acquisition and Business Management for the Assistant Secretary of the Navy for Research, Development, and Acquisition.
WHITEHOUSE: President Obama Announces More Key Administration Posts
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In 1993, Bowles headed the Small Business Administration and was named deputy chief of staff in the Clinton administration the next year.
CNN: Burr beats Bowles for Edwards' seat
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Johns is Deputy Administrator of the U.S. Small Business Administration (SBA).
WHITEHOUSE: Supporting & Empowering AAPI Small Business Owners
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Lesley Griffiths AM, the Deputy Minister for Science, stressed the importance of support the STEM industries, to drive forward innovation in business, to stimulate research and to attract investment to Wales.
BBC: Enterprise and learning committee
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Under President Reagan, Hagel served as a deputy administrator of the Veterans Administration, and while co-founding his own business, he served as the CEO of the United Service Organization.
WHITEHOUSE: President Obama Wants Chuck Hagel to Run the Pentagon
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Peter Bishop, deputy chief executive of LCC, said the Games presented a "great opportunity" to generate new business.
BBC: London 2012: Support 'high' despite 'unfair' ticketing
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Barclays' board has launched an audit of its business practices, which will be conducted by an independent body and report to the new deputy chairman, Sir Michael Rake.
BBC: Bank inquiry launched after Libor rate-rigging scandal
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Investors are showing new assertiveness because of financial uncertainty in the biotechnology business and anger at a perceived lack of predictability in FDA decisions, said former FDA Deputy Commissioner Scott Gottlieb, now a partner in a health-care investment firm.
WSJ: FDA Set to Decide Obesity Drug Lorcaserin's Fate