Hudbay Announces Appointment of Senior Vice President and Chief Financial Officer
June 11 2020 - 5:00PM
Hudbay Minerals Inc. (“Hudbay” or the “company”)
(TSX, NYSE: HBM) today announced the
appointment of Steve Douglas as the company’s Senior Vice President
and Chief Financial Officer, effective June 30, 2020. Mr. Douglas
has over 25 years of resource industry and finance leadership
experience. From 2014 to 2017, he was Senior Vice President and
Chief Financial Officer at Agrium Inc., a C$18 billion global
fertilizer company, prior to its merger with Potash Corporation of
Saskatchewan Inc., and served as Executive Vice President and Chief
Integration Officer at its successor corporation, Nutrien Inc.,
until January 2019.
"We are very pleased to have Steve join our
executive team at Hudbay,” said Peter Kukielski, President and
Chief Executive Officer. "He is an experienced and successful CFO
with a track record of driving business opportunities to achieve
significant growth and value. Based on our prior experience
together and on Steve’s pedigree and extensive experience, I
believe Steve is an outstanding fit for the role, and we welcome
his expertise as we execute on our growth initiatives to take
Hudbay to the next level."
Before joining Agrium in 2014, Mr. Douglas held
senior positions at Brookfield Asset Management and its related
businesses during his 19-year tenure, most recently as Senior
Managing Partner and Chief Financial Officer of Brookfield Property
Partners in Toronto. From 2003 to 2005, Mr. Douglas was Executive
Vice President and Chief Financial Officer of Noranda Inc. and held
the same position at Falconbridge Limited following Noranda’s
combination with Falconbridge. Before joining Brookfield, Mr.
Douglas was a staff accountant at Ernst and Young in Toronto. He
earned a Bachelor of Commerce (Honours) degree from Laurentian
University and holds CA and CPA designations from the Institute of
Chartered Accountants of Ontario.
Mr. Douglas will start in his new role at Hudbay
on June 30, 2020, at which time Eugene Lei, currently acting as
Interim Chief Financial Officer, will continue in his role as
Senior Vice President, Corporate Development and Strategy and as a
key member of the executive team. “I’d like to thank Eugene for
taking on the additional responsibilities as Interim CFO while the
search process was underway,” said Mr. Kukielski. “Through Eugene’s
leadership, we successfully completed the accretive gold prepay
transaction, enhancing our balance sheet and positioning us well to
deliver on our strategic growth plan.”
About Hudbay
Hudbay (TSX, NYSE: HBM) is a diversified mining
company primarily producing copper concentrate (containing copper,
gold and silver) and zinc metal. Directly and through its
subsidiaries, Hudbay owns three polymetallic mines, four ore
concentrators and a zinc production facility in northern Manitoba
and Saskatchewan (Canada) and Cusco (Peru), and copper projects in
Arizona and Nevada (United States). The company’s growth strategy
is focused on the exploration, development, operation and
optimization of properties it already controls, as well as other
mineral assets it may acquire that fit its strategic criteria.
Hudbay’s vision is to be a responsible, top-tier operator of
long-life, low-cost mines in the Americas. Hudbay’s mission is to
create sustainable value through the acquisition, development and
operation of high-quality, long-life deposits with exploration
potential in jurisdictions that support responsible mining, and to
see the regions and communities in which the company operates
benefit from its presence. The company is governed by the Canada
Business Corporations Act and its shares are listed under the
symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange
and Bolsa de Valores de Lima. Further information about Hudbay can
be found on www.hudbay.com.
For further information, please contact:
Candace BrûléDirector, Investor Relations(416)
814-4387candace.brule@hudbay.com
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