Summary
Southern Copper Corporation (SCCO) announced a significant executive appointment in an 8-K filing dated April 16, 2019. The company's Board of Directors elected Mr. Ramón Leal Chapa as the new Senior Vice President, effective April 11, 2019. This appointment brings a seasoned executive with extensive experience in financial and strategic leadership to a key role within the organization. Mr. Leal's background includes a strong academic foundation with degrees from Universidad de Monterrey, ITESM, and an MBA from Harvard Business School. His professional career has spanned various leadership positions within prominent industrial and financial groups, including Grupo Pulsar / Vector Casa de Bolsa, Vitro, S.A.B. de C.V., and most recently, Alfa S.A.B. de C.V. At Alfa, he served in multiple executive roles since 2009, including Chief Financial Officer from 2010 to March 2018. His tenure at Alfa, a large diversified holding company with substantial global operations, suggests a deep understanding of complex financial structures and strategic management, which should be beneficial to Southern Copper.
Key Highlights
- 1Appointment of Ramón Leal Chapa as Senior Vice President.
- 2Mr. Leal's appointment is effective April 11, 2019, and he will serve until the next annual meeting of the Board of Directors or his successor is qualified.
- 3Mr. Leal brings 49 years of age and a strong educational background including an MBA from Harvard Business School.
- 4Extensive executive experience in financial and strategic areas across major industrial and financial groups.
- 5Previous roles include CFO at Alfa S.A.B. de C.V. (2010-2018), a large diversified conglomerate.
- 6Mr. Leal's experience at Alfa involved managing financial and strategic aspects of a company with US $19.0 billion in revenues and operations in 28 countries in 2018.