Antofagasta CEO quits, Chairman to takeover
Antofagasta's Chief Executive Officer, Marcelo Awad, has resigned his position with immediate effect.
Antofagasta's Chief Executive Officer, Marcelo Awad, has resigned his position with immediate effect.
The mining firm said that until a successor is appointed, Chairman Jean-Paul Luksic will assume the CEO responsibilities on an interim basis.
Luksic released a statement saying the group "will continue to pursue our current strategy of growth, supported by our strong financial position and low-cost and profitable operations" and added that it believes that its preliminary results will be in line with market expectations.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Awad, who took up the role of CEO in 2004, has not given a reason for his departure.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published