Fresnillo plc appoints Non-Executive Directors (4765B)
April 17 2012 - 4:50AM
UK Regulatory
TIDMFRES
RNS Number : 4765B
Fresnillo PLC
17 April 2012
17 April 2012
Fresnillo plc appoints Non-Executive Directors
Fresnillo plc ("Fresnillo") is pleased to announce the
appointment of Ms Maria Asuncion Aramburuzabala and Mr Alejandro
Bailleres as non-executive Directors of Fresnillo.
Ms Aramburuzabala is currently Vice Chairman of Grupo Modelo,
one of Mexico's largest breweries. She also serves on the boards of
several companies in Mexico including Grupo Aeromexico, Grupo
Financiero Banamex, Banco Nacional de Mexico, Tresalia Capital and
KIO Networks. Her prior directorships include Grupo Televisa,
Empresas ICA and America Movil. She was educated at the Instituto
Tecnologico Autonomo de Mexico (ITAM).
Mr Bailleres has been the Chief Executive Officer of Grupo
Nacional Provincial, a leading insurance company in Mexico. He is
also a director of several companies within Grupo BAL, including
Industrias Penoles S.A.B. de C.V., the controlling shareholder in
Fresnillo. Mr Bailleres is also an alternate director of Coca-Cola
FEMSA, the largest beverage company in Mexico and serves on the
Board of Trustees of ITAM.
The Board believes that the broad range of experience of Mexican
and international business which these two new Directors bring will
broaden the perspectives and experience that are applied to Board
discussions, and strengthen the overall mix of skills and
experience on the Board.
The appointment of these two additional directors increases the
number of Board members to twelve including eleven non-executive
Directors. The appointments were proposed at a recent meeting of
the board's nominations committee. Fresnillo shareholders will vote
on the appointments at the Company's annual general meeting on 18
May 2012.
There are no other matters to disclose in accordance with
paragraph 9.6.13R of the FSA's Listing Rules.
For further information, please visit our website:
www.fresnilloplc.com or contact:
Fresnillo plc
London
Arturo Espinola Tel: +44(0)20 7339 2470
Head of Investor Relations
Mexico
Gabriela Mayor Tel: +52 55 52 79 3203
Brunswick Group Tel: +44(0)20 7404 5959
Carole Cable (Partner)
David Litterick (Director)
About Fresnillo plc
Fresnillo is the world's largest primary silver producer and
Mexico's second largest gold producer, listed on the London and
Mexican Stock Exchanges under the symbol FRES.
Fresnillo has seven operating mines, all of them in Mexico -
Fresnillo, Saucito, Cienega, San Ramon, Herradura, Soledad-Dipolos
and Noche Buena; four development projects -Noche Buena (new gold
mine at Herradura District), San Ramon mine (a satellite of the
Cienega gold mine), Saucito II, and Dynamic leaching to treat high
grade gold ore from Herradura and Soledad-Dipolos mine; and five
advanced exploration prospects - San Julian, Centauro Deep,
Juanicipio, Orysivo and Las Casas as well as a number of other long
term exploration prospects. In total, has mining concessions
covering approximately 2.1 million hectares in Mexico.
Fresnillo has a strong and long tradition of mining, a proven
track record of mine development, reserve replacement, and
production costs in the lowest quartile of the cost curve for both
silver and gold.
Fresnillo's goal is to maintain the Group's position as the
world's largest primary silver company, producing 65 million ounces
of silver and 500,000 ounces of gold by 2018.
..
This information is provided by RNS
The company news service from the London Stock Exchange
END
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