The Latin America unit covers the Carmen de Andacollo and Quebrada Blanca copper operations in Chile, Teck’s curiosity within the Antamina mine in Peru, in addition to the Zafranal (Peru), San Nicolas (Mexico), and NuevaUnión (Chile) copper development initiatives.
The 2 regional models, Teck mentioned, will likely be supported by enterprise-wide capabilities and a devoted initiatives group that may develop and execute brownfield and greenfield initiatives.
The Canadian miner began its enterprise shift when it offered its British Columbia-based steelmaking coal unit to Swiss commodities large Glencore in one of many largest offers within the trade. The deal closed earlier this summer season, with Glencore paying almost $7 billion for Teck’s 77% stake within the coal enterprise.
“This new construction will guarantee Teck is optimally positioned to function safely, effectively and responsibly whereas capitalizing on worthwhile development alternatives and enhancing worth for our shareholders and all stakeholders,” Teck CEO Jonathan Worth mentioned in a information launch.
“This alteration simplifies our enterprise with a streamlined govt management workforce and regional construction to assist our technique centered on development in copper, balanced with shareholder returns and the long-term resiliency of our enterprise,” Worth added.
New management workforce
To align with the brand new enterprise construction, Teck has promoted a management group of present senior vice presidents to function govt vice presidents in addition to numerous C-level roles. These embody:
- Ian Anderson, EVP and chief business officer, answerable for margin enhancement by way of gross sales and procurement methods and execution.
- Shehzad Bharmal, EVP and chief working officer, answerable for driving security, operational excellence and asset optimization at Teck’s operations.
- Jeff Hanman, EVP and chief technique officer, answerable for growing and activating company technique and transformation initiatives to place Teck as a number one producer of power transition metals.
- Nic Hooper, EVP and chief company growth officer, answerable for company growth and worth creation by way of portfolio optimization and Teck’s in depth exploration actions.
- Karla Mills, EVP and chief challenge growth officer, answerable for accelerating development by making certain excellence in all points of the supply of Teck’s portfolio of copper development initiatives.
- Crystal Prystai, EVP and chief monetary officer, answerable for general monetary administration at Teck, together with the allocation of capital to fund development, preserve a resilient steadiness sheet and return money to shareholders.
- Charlene Ripley, EVP and chief authorized and sustainability officer, answerable for sustaining Teck’s main sustainability efficiency, and supporting the enterprise by way of authorized, danger and compliance capabilities.
- Dean Winsor, EVP and chief individuals officer, answerable for human sources, growth of expertise, and the development of a various, respectful and inclusive office.
In the meantime, Fraser Phillips, SVP of investor relations and strategic evaluation, is anticipated to retire within the first quarter of 2025, however will proceed to guide Teck’s investor relations perform within the interim.
“This govt management workforce deliver to their portfolio an unimaginable breadth of expertise and I stay up for working with them to unlock the complete worth of our premium power transition metals portfolio and main copper development pipeline,” mentioned Worth.