Pros
Work with self-motivated, mostly high calibre individuals. Opportunity to develop commercial skills and be involved in significant commodity transactions that involve multiple departments across the company. Encourage pursuit of commercial ideas for capable individuals. Generally good teamwork ethic amongst traders and operators.
Cons
An internal individual with a previous track record in another commodity is often promoted internally ahead of an external individual with specific product knowledge for senior roles (saves big money hire and maintains inner circle). Additionally, a biz dev track record is perceived as also capable in people management role too. This leads to individuals with poor ability in leading and developing a team being responsible for strategy and growth in a product they potentially have little track record or understanding of. Very high turn over across the company - not great for morale. Company still run at senior level as though it were much smaller than it has now become - very political, despite claims of 'flat structure'.