Trafigura, a leading commodity trading firm, has admitted that its founder and former Chief Executive Officer, Claude Dauphin, approved bribe payments for securing oil deals in Brazil. This revelation comes as part of a plea agreement with U.S. authorities, where Trafigura pleaded guilty to charges of bribery. Following this admission, Trafigura is undergoing a significant management shake-up, with two of its most senior executives, including CFO Christophe Salmon, who will retire in June, and executive director Jose Larocca, effectively the company's number 2, announcing their retirement. Stephan Jansma is set to take over as the new finance chief. These changes mark a pivotal moment for Trafigura as it navigates the fallout from the bribery scandal.