Hudbay Announces Board Chair Transition
Hudbay Minerals (TSX, NYSE: HBM) announced a transition in its Board leadership, with Stephen A. Lang stepping down as Chair due to health reasons, effective January 1, 2025. David S. Smith, current independent director, has been appointed as the new Board Chair.
Lang, who served as Chair since October 2019, will remain on the Board as an independent director. During his tenure, Hudbay achieved significant milestones, including strong free cash flows in Peru and Manitoba, the acquisition of Copper Mountain mine, and advancement of the Copper World project.
Smith, who joined the Board in May 2019, brings nearly 40 years of financial and executive leadership experience in the mining sector. His background includes roles as CFO of Finning International Inc. and Ballard Power Systems, executive positions at Placer Dome Inc., and currently serves as Board Chair of IAMGOLD
Hudbay Minerals (TSX, NYSE: HBM) ha annunciato una transizione nella leadership del suo Consiglio di Amministrazione, con Stephen A. Lang che si dimetterà dalla carica di Presidente per motivi di salute, a partire dal 1 gennaio 2025. David S. Smith, attuale direttore indipendente, è stato nominato nuovo Presidente del Consiglio.
Lang, che ha ricoperto la carica di Presidente da ottobre 2019, rimarrà nel Consiglio come direttore indipendente. Durante il suo mandato, Hudbay ha raggiunto importanti traguardi, tra cui flussi di cassa liberi solidi in Perù e Manitoba, l'acquisizione della miniera Copper Mountain e il progresso del progetto Copper World.
Smith, che è entrato a far parte del Consiglio nel maggio 2019, porta con sé quasi 40 anni di esperienza nella leadership finanziaria ed esecutiva nel settore minerario. La sua carriera include ruoli come CFO di Finning International Inc. e Ballard Power Systems, posizioni esecutive presso Placer Dome Inc. e attualmente è Presidente del Consiglio di IAMGOLD.
Hudbay Minerals (TSX, NYSE: HBM) anunció una transición en la liderazgo de su Consejo de Administración, con Stephen A. Lang renunciando a su cargo como Presidente por razones de salud, a partir del 1 de enero de 2025. David S. Smith, actual director independiente, ha sido nombrado nuevo Presidente del Consejo.
Lang, quien ha sido Presidente desde octubre de 2019, permanecerá en el Consejo como director independiente. Durante su mandato, Hudbay logró hitos significativos, incluidos flujos de caja libres sólidos en Perú y Manitoba, la adquisición de la mina Copper Mountain, y el avance del proyecto Copper World.
Smith, quien se unió al Consejo en mayo de 2019, aporta casi 40 años de experiencia en liderazgo financiero y ejecutivo en el sector minero. Su trayectoria incluye roles como CFO de Finning International Inc. y Ballard Power Systems, además de puestos ejecutivos en Placer Dome Inc., y actualmente se desempeña como Presidente del Consejo de IAMGOLD.
Hudbay Minerals (TSX, NYSE: HBM)는 Stephen A. Lang이 건강 문제로 인해 2025년 1월 1일자로 의장직에서 물러난다고 발표했습니다. David S. Smith는 현재 독립 이사로, 새 이사장으로 임명되었습니다.
Lang은 2019년 10월부터 의장으로 재직했으며, 앞으로도 독립 이사로 이사회에 남아 있게 됩니다. 그의 임기 동안 Hudbay는 페루와 매니토바에서 강력한 자유 현금 흐름, Copper Mountain 광산 인수, Copper World 프로젝트의 진전을 포함해 중요한 이정표를 달성했습니다.
Smith는 2019년 5월 이사회에 합류했으며, 광산 분야에서 거의 40년의 재무 및 경영 리더십 경험을 보유하고 있습니다. 그의 경력에는 Finning International Inc.와 Ballard Power Systems의 CFO 역할, Placer Dome Inc.의 경영직뿐만 아니라 현재 IAMGOLD의 이사회 의장직도 포함됩니다.
Hudbay Minerals (TSX, NYSE: HBM) a annoncé une transition dans la direction de son Conseil d'administration, avec Stephen A. Lang démissionnant de son poste de Président pour des raisons de santé, à partir du 1er janvier 2025. David S. Smith, actuel directeur indépendant, a été nommé nouveau Président du Conseil.
Lang, qui a été Président depuis octobre 2019, restera au Conseil en tant que directeur indépendant. Au cours de son mandat, Hudbay a atteint des jalons significatifs, y compris de solides flux de trésorerie disponibles au Pérou et au Manitoba, l'acquisition de la mine Copper Mountain et l'avancement du projet Copper World.
Smith, qui a rejoint le Conseil en mai 2019, apporte près de 40 ans d'expérience en leadership financier et exécutif dans le secteur minier. Son parcours inclut des rôles de CFO chez Finning International Inc. et Ballard Power Systems, ainsi que des postes de direction chez Placer Dome Inc., et il occupe actuellement le poste de Président du Conseil d'IAMGOLD.
Hudbay Minerals (TSX, NYSE: HBM) hat einen Wechsel in der Leitung seines Vorstands angekündigt, wobei Stephen A. Lang aus gesundheitlichen Gründen am 1. Januar 2025 von seinem Amt als Vorsitzender zurücktritt. David S. Smith, derzeitiger unabhängiger Direktor, wurde zum neuen Vorsitzenden des Vorstands ernannt.
Lang, der seit Oktober 2019 als Vorsitzender fungiert, wird weiterhin im Vorstand als unabhängiger Direktor bleiben. Während seiner Amtszeit hat Hudbay bedeutende Meilensteine erreicht, darunter starke freie Cashflows in Peru und Manitoba, die Übernahme der Copper Mountain Mine sowie den Fortschritt des Copper World Projekts.
Smith, der im Mai 2019 in den Vorstand eintrat, bringt nahezu 40 Jahre Erfahrung in finanzieller und exekutiver Führungsstärke im Bergbau mit. Zu seinem Hintergrund gehören Positionen als CFO bei Finning International Inc. und Ballard Power Systems, sowie Führungspositionen bei Placer Dome Inc., und er ist derzeit Vorsitzender des Vorstands von IAMGOLD.
- Board succession planning executed smoothly with immediate replacement
- New Chair brings 40 years of mining sector financial expertise
- Previous Chair remains on board ensuring continuity
- Unexpected leadership change due to health reasons
TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) today announced plans for the transition of the Chair of the company’s Board of Directors. Stephen A. Lang has stepped down as Chair of the Board due to health reasons. David S. Smith, current independent director, has been appointed Chair of the Board, effective January 1, 2025. Mr. Lang, who was appointed Chair in October 2019, will remain on the Board as an independent director.
“On behalf of the Board, we want to express our deep appreciation to Stephen Lang for more than five years of dedicated service as Chair and his support for the Corporate Governance and Nominating Committee’s succession planning process,” said Carin S. Knickel, Chair of Hudbay’s Corporate Governance and Nominating Committee. “In his tenure as Chair, Steve provided valuable leadership through a period of transformational growth for Hudbay that included the delivery of strong free cash flows in Peru and Manitoba, the successful acquisition of the Copper Mountain mine and the significant advancement of our Copper World project. We are also very pleased to appoint David Smith as Hudbay’s new Chair. David is an experienced financial executive in the mining space, and with his extensive Board expertise and deep knowledge of Hudbay, he will bring valuable insights to this important leadership role as we continue to execute our strategy and advance our next phase of growth.”
Mr. Smith joined the Board as an independent director in May 2019, bringing nearly 40 years of financial and executive leadership experience in the mining sector. Mr. Smith is a corporate director who has had a career on both the finance and the supply sides of the mining business, with extensive international experience in the acquisition, sale, development, financing and operations of base and precious metal operations. Mr. Smith previously served as the Chief Financial Officer and Executive Vice President of Finning International Inc., a major equipment supplier to the mining industry with operations in Canada and South America. Before joining Finning, Mr. Smith's career included serving as Chief Financial Officer of Ballard Power Systems, various senior executive positions over 16 years with Placer Dome Inc. and four years with PriceWaterhouseCoopers. Mr. Smith currently is also a director and Chair of the Board of IAMGOLD Corporation and has extensive prior board experience with public mining companies.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States.
Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay’s growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.
The value Hudbay creates and the impact it has is embodied in its purpose statement: “We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.” Hudbay’s mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.
For further information, please contact:
Candace Brûlé
Vice President, Investor Relations, Financial Analysis and External Communications
(416) 814-4387
investor.relations@hudbay.com
FAQ
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