Summary
Southern Copper Corp (SCCO) filed an 8-K report on March 14, 2005, announcing a significant change in its executive leadership. On March 11, 2005, the Board of Directors appointed Mr. J. Eduardo González as the new Vice President, Finance, Chief Financial Officer (CFO), and Named Fiduciary, replacing Mr. Jaime Fernando Collazo González. This change stems from internal organizational shifts within Grupo Mexico S.A. de C.V., the controlling shareholder. Mr. González brings a strong financial background with extensive experience within Grupo Mexico's mining and finance divisions, including roles as CFO of Minera Mexico and President of Grupo Mexico's Mining Division (Americas Mining Corporation). His prior experience also includes consulting at McKinsey & Company, Inc. Investors should note that there were no reported disagreements between the outgoing CFO and the Company or its management. Mr. Jaime Fernando Collazo González will continue to serve as a director.
Key Highlights
- 1Appointment of J. Eduardo González as VP of Finance, CFO, and Named Fiduciary effective March 11, 2005.
- 2Mr. González replaces Jaime Fernando Collazo González, who held the position since April 29, 2004.
- 3The executive change is attributed to internal organizational adjustments at Grupo Mexico S.A. de C.V., the controlling shareholder.
- 4No disagreements were reported between the outgoing CFO and the Company or its management.
- 5Jaime Fernando Collazo González will remain on the Board of Directors.
- 6J. Eduardo González, age 35, has substantial experience in finance and mining operations within Grupo Mexico and its subsidiaries.
- 7Mr. González's background includes previous roles at McKinsey & Company, Inc.