Prior to commencing his role with Noble, Alireza was co-president of Goldman Sachs Asia and a member of the firm’s global management committee.

Alireza first joined Goldman Sachs in 1997 and was promoted to head the company’s Asia securities division in 2008.

Elman was confident Alireza would make a great contribution to Noble.

“He is an outstanding talent, and brings with him an unrivalled combination of commercial and financial acumen, and inspirational leadership skills,” Elman said.

As part of the appointment, Elman will step down as acting CEO and continue his role as chairman.

Alireza said he was looking to forward to taking on the role as CEO, labelling the move an “exciting challenge.”

“During the time I have spent in Asia, I have had the opportunity to get to know the Noble Group, and have great respect for the organisation and its people,” Alireza said.

“It is an honour to have been chosen to lead the team.”

Alireza will start his role with Noble on April 16.

In addition to the appointment, Noble said it was pleased to welcome William Randall as a member of the board.

Randall will also assume the role of head of hard commodities. He will be responsible for Noble's hard energy, and metals, minerals and ores businesses.

Elman said the new appointments were in line with the company’s strategy.

“These appointments are part of Noble's succession planning and further strengthen our leadership as I prepare to reduce my day-to-day involvement,” he said.

“As a major shareholder myself, and with my detailed knowledge of their abilities, I am more than happy to be handing over to such competent and world-class colleagues.”