Antofagasta PLC Appointment of New CEO (6327U)
April 08 2016 - 7:00AM
UK Regulatory
TIDMANTO
RNS Number : 6327U
Antofagasta PLC
08 April 2016
NEWS RELEASE, 8 APRIL 2016
IVÁN ARRIAGADA SUCCEEDS DIEGO HERNÁNDEZ
AS CEO OF ANTOFAGASTA PLC
Antofagasta plc ("Antofagasta" or the "Company") announces that
Diego Hernández will retire from the position of Chief Executive of
Antofagasta plc and will be succeeded by Iván Arriagada, the
current Chief Executive of Antofagasta Minerals. The handover will
take place with immediate effect and Diego will stay on as an
adviser to the Board.
Iván has held the position of CEO of Antofagasta Minerals since
February 2015, working closely with Diego on integrating management
practices to strengthen the mining division as the industry
continues to adapt to challenging market conditions. Since joining
the Company, Iván has led a rigorous cost reduction programme,
focusing on maintaining the Company's healthy balance sheet while
ensuring all of the Company's operations are generating operating
cash flow at current copper prices.
Jean-Paul Luksic, Chairman, said: "With 25 years of operational
and financial experience in the mining and oil and gas industry,
including leading Antofagasta Minerals, Iván is the right person to
succeed Diego and to continue to deliver the Group's strategy. His
strong leadership has proven effective to navigate the current
challenges of low copper prices without losing our ability to grow
and develop in the future."
Iván Arriagada said: "Antofagasta is one of the world's largest
copper producers and is at the heart of Chile's economy. I am proud
to be taking on the role of CEO of the Company and look forward to
continuing to work with the outstanding people at our Company to
deliver value for all our stakeholders."
Jean-Paul Luksic added, "On behalf of the Board, I want to thank
Diego for his commitment and dedication over these past years. His
strong leadership has been key in organising the Company and our
management structures to better prepare us for future challenges.
We look forward to his continued support, not only of the Group,
but also in the development of the mining industry in Chile."
Diego Hernández said: "It has been a privilege to have led
Antofagasta over the past three and a half years supported by an
excellent team through difficult times. It is now time to hand over
the reins to Iván who has the track record to capitalise on the
progress we have made to strengthen the Group and to take it
forward."
Notes to Editors
Iván Arriagada - biography
Before he became CEO of Antofagasta Minerals in February 2015,
Iván Arriagada, 52, was Vice-President of Administration and
Finance at Codelco. Prior to that, he held various positions at BHP
Billiton, including President of Pampa Norte, Vice-President of
Production for the Base Metals division and CFO for the Base Metals
division. Iván also worked for almost 20 years at Shell, in Chile,
the United Kingdom, Argentina and the United States.
Iván holds an MSc in Finance from the London School of Economics
and Political Science, and a business degree from the Universidad
Federico Santa María, Escuela de Negocios Adolfo Ibáñez, in Chile.
He has also attended several executive education programmes at
Wharton, INSEAD and the MIT Sloan School of Management.
For further information about Antofagasta, please visit
www.antofagasta.co.uk
Investors Media
- London - London
Andrew Lindsay alindsay@antofagasta.co.uk Carole antofagasta@brunswickgroup.com
Cable
Paresh Bhanderi pbhanderi@antofagasta.co.uk Will Medvei antofagasta@brunswickgroup.com
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Investors Media
- Santiago - Santiago
Alfredo aatucha@aminerals.cl Pablo porozco@aminerals.cl
Atucha Orozco
Telephone +56 2 2798 7000 Carolina cpica@aminerals.cl
Pica
Telephone +56 2 2798 7000
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This information is provided by RNS
The company news service from the London Stock Exchange
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