TIDMHOC
RNS Number : 4670C
Hochschild Mining PLC
23 February 2022
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23 February 2022
Hochschild Announces Changes to Board of Directors
Hochschild Mining PLC (the "Company") announces certain changes
to the composition of the Board of Directors to take effect from
the conclusion of the forthcoming Annual General Meeting ("AGM") on
26(th) May 2022.
Graham Birch and Dionisio Romero will be retiring from the
Board, and Mike Sylvestre and Nicolas Hochschild will be appointed
to the Board as Independent Non-Executive Director and
Non-Executive Director respectively.
Mike Sylvestre is currently the Senior Vice President,
Operations, at Kinross Gold Corp and a Non-Executive Director of
TSX-listed Nickel Creek Platinum Corp. Prior to joining Kinross,
Mike served as a Director and Interim CEO of TSX-listed Claude
Resources Inc. Mike spent a significant portion of his career with
Vale Canada (formerly Inco Ltd) where he held key senior management
positions domestically and internationally. Most notably, he held
the position of CEO New Caledonia and President, Manitoba
Operations. He previously served as Vice President of Operations
for PT Vale Indonesia. Mike holds a M.Sc. and a B.Sc. in Mining
Engineering from McGill University and Queen's University,
respectively. He is a member of the Professional Engineers of
Ontario and a graduate of the Institute of Corporate Directors
(ICD) in partnership with the Rotman School of Management.
Nicolas Hochschild, who is the son of the Chair, Eduardo
Hochschild, is being appointed to the Board in place of Dionisio
Romero as a nominee of the Company's largest shareholder, Pelham
Investment Corporation ("Pelham"). Pelham, which is controlled by
Eduardo Hochschild, has the right to appoint two Non-Executive
Directors to the Board under the terms of the Relationship
Agreement for as long as it holds 30% or more of the Company's
ordinary shares.
Nicolas is a Mergers & Acquisitions Senior Analyst for Forum
Brands, a New-York based e-commerce business. Nicolas holds a B.Sc.
in Mechanical Engineering and an M.Sc. in Management Science and
Engineering, both from Stanford University.
Changes to Committee Composition
The Company further announces the following changes to the
composition of the Company's Board Committees:
- Tracey Kerr will become a member of the Remuneration Committee
with effect from 1 March 2022 when Eileen Kamerick will step down
from the Committee;
- Tracey Kerr will become a member of the Sustainability
Committee on 1 March 2022 and, following Graham Birch's retirement
from the Board, will become Chair of that committee;
- Michael Rawlinson will step down from the Sustainability
Committee on 1 March 2022; and
- Mike Sylvestre will be appointed a member of the
Sustainability Committee and Nomination Committee upon joining the
Board.
Eduardo Hochschild, Chairman, said :
"I am delighted to announce Mike's appointment to the Board. He
brings over thirty years of management, operations, technical and
project experience which will be of huge value as we progress with
the recently acquired Posse gold project and the ongoing work at
the Snip project in Canada. I am also very pleased to welcome
Nicolas to the Board.
I would also like to pay my special thanks as well as those of
the Board, to both Dionisio and Graham who, between them, have
served for over 14 years. We have benefited greatly from their
contributions over the years and wish them both our best wishes for
the future."
In light of the above, Graham Birch and Dionisio Romero will not
be standing for re-election at the AGM.
From the conclusion of the AGM, the Hochschild Board will
continue to comprise nine Directors of whom six will be independent
Non-Executive Directors.
Other than as disclosed above, there are no additional matters
to be disclosed under Listing Rule 9.6.13R with respect to the
appointments of Mike Sylvestre and Nicolas Hochschild.
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Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)7825 533495
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
________________________________________________________________________________________________
About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) and
crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has over fifty years' experience in the
mining of precious metal epithermal vein deposits and currently
operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
LEI: 549300JK10TVQ3CCJQ89
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