8-KLeadership Changes

SOUTHERN COPPER CORP/ 8-K Report, Executive Changes (Jul 24, 2017)

Filed July 24, 2017For Securities:SCCO

Summary

Southern Copper Corporation (SCCO) announced a change in its Board of Directors through an 8-K filing on July 24, 2017. The company has elected Mr. Rafael Mac Gregor Anciola as its sixth independent director. Mr. Mac Gregor Anciola brings a wealth of experience, spanning over 30 years in the financial and industrial sectors, with a notable background in corporate governance and leadership roles at various prominent Mexican and international organizations. His appointment is effective immediately, and he will serve until the next annual meeting of stockholders. Investors may find his extensive board experience, particularly with financial institutions and listed companies like the Mexican Stock Exchange and Fresnillo PLC, to be a valuable asset to SCCO's governance structure. There are no disclosed conflicts of interest or related-party transactions associated with his appointment, indicating a clean addition to the board.

Key Highlights

  • 1Southern Copper Corp. elected a new independent director, Mr. Rafael Mac Gregor Anciola, on July 20, 2017.
  • 2Mr. Mac Gregor Anciola has over 30 years of experience in financial and industrial sectors.
  • 3He brings significant leadership and governance experience from roles such as Managing Partner of RMAC Asociados and independent director positions at major corporations and exchanges.
  • 4His experience includes serving on the Board of Grupo Financiero Citibanamex, the Mexican Stock Exchange, and Fresnillo PLC.
  • 5Mr. Mac Gregor Anciola will serve until the next annual meeting of stockholders.
  • 6His appointment is not subject to any undisclosed arrangements or related-party transactions.
  • 7The addition of Mr. Mac Gregor Anciola expands the Board of Directors to six independent directors.

Frequently Asked Questions

Southern Copper Corporation has appointed Mr. Rafael Mac Gregor Anciola as its sixth independent director.

Mr. Mac Gregor Anciola has over 30 years of experience in the financial and industrial sectors. He has held significant leadership roles, including managing partner at RMAC Asociados, and served on the boards of prominent entities such as Grupo Financiero Citibanamex, the Mexican Stock Exchange, and Fresnillo PLC.

According to the filing, there are no disclosed arrangements or understandings between Mr. Mac Gregor Anciola and any other person regarding his election, nor is he a party to any transaction with the Company that requires disclosure under Item 404(a) of Regulation S-K.

Mr. Mac Gregor Anciola was elected to serve on the Board of Directors until the next annual meeting of stockholders, or a special meeting at which directors are elected, and until his successor is duly elected and qualified.