Buenaventura Announces Board of Directors Appointment
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima: BUE.LM) has appointed Mr. Raul Benavides to its board of directors, effective immediately. He replaces Dr. José Miguel Morales Dasso, who retired after reaching the maximum age limit for board members. Mr. Benavides brings 40 years of experience with the company, previously serving as Vice President of Business Development. The Chairman, Mr. Roque Benavides, expressed confidence in Raul’s ability to enhance profitability and shareholder value while acknowledging Dr. Morales’ significant contributions during his 50 years of service.
- Raul Benavides brings 40 years of experience with Buenaventura, indicating continuity and deep company knowledge.
- His prior role as Vice President of Business Development highlights relevant experience, likely benefiting the company's strategic objectives.
- The retirement of Dr. José Miguel Morales Dasso may create a gap in leadership continuity given his 50 years of service.
- Potential concerns about the transition period and how it may affect the board's effectiveness and strategic direction.
Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced that Mr. Raul Benavides has been appointed to its board of directors, effective immediately. Mr. Benavides replaces Dr. José Miguel Morales Dasso, who has retired from Buenaventura’s board having reached the Company's maximum retirement age for board members based on internal best practices.
Mr. Roque Benavides, Buenaventura’s Chairman commented, “We are pleased to welcome Raul to the Buenaventura board of directors. His addition complements our board’s considerable skills, and we look forward to the continued benefit of his extensive experience at our Company and valuable perspective as we execute our strategy, drive profitability and enhance value for all Buenaventura shareholders.”
“Buenaventura has been very fortunate to have José Miguel serve our Company for the last 50 years. He has been a highly effective director, having made considerable contributions not only as a board member but also as our General Counsel. We will miss his strong leadership and wise guidance but would like to extend our gratitude and best wishes to him in his retirement,” said Mr. Benavides, Buenaventura's chairman.
Raul Benavides joins Buenaventura’s board of directors with a tenure of 40 years at the Company. In his latest role he served as Vice President of Business Development, since 2011.
Mr. Benavides holds a bachelor’s degree in Mining Engineering from the University of Missouri—Rolla, a masters of Mining Administration from Pennsylvania State University, and he completed the Advanced Management Program at Harvard Business School (AMP-160). He has served as President of the Institute of Mining Engineers of Peru (IIMP) and is the Founder of Peru’s Mine Safety Institute (ISEM). He is also Founder and Chairman of Peru’s Centro Tecnológico Minero (CETEMIN) vocational school of mining.
Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, El Brocal, La Zanja and Coimolache). The Company owns
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