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
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
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
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published