Antofagasta CEO quits, Chairman to takeover

published 7 March 2012

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.