Summary
Southern Copper Corporation (SCCO) has officially appointed Genaro Guerrero Diaz Mercado as its Vice President, Finance and Chief Financial Officer, effective January 2, 2008. This appointment follows Mr. Mercado's tenure in various financial roles within its indirect majority stockholder, Grupo Mexico, and its affiliate ASARCO LLC, as well as a recent key financial role within SCCO's subsidiary, Southern Peru Limited. He replaces Jose N. Chirinos, who had been serving as interim CFO since June 2007. This leadership change in a critical financial role is significant for investors as it brings a seasoned executive with extensive experience in treasury and financial management within the broader Grupo Mexico conglomerate. Investors will likely monitor Mr. Mercado's performance and strategic direction in this role, particularly in relation to the company's financial operations and capital allocation. The transition from an interim CFO to a permanent appointment signals a move towards stability and established financial leadership within SCCO.
Key Highlights
- 1Appointment of Genaro Guerrero Diaz Mercado as Vice President, Finance and Chief Financial Officer.
- 2Mr. Mercado's appointment is effective January 2, 2008.
- 3Mr. Mercado has extensive experience within Grupo Mexico and its affiliates, including ASARCO LLC.
- 4He previously held a key financial role at Southern Peru Limited, a subsidiary of SCCO.
- 5This appointment replaces the interim CFO, Jose N. Chirinos.
- 6The company is based in Phoenix, Arizona, and incorporated in Delaware.