Hudbay Announces that Alan Hair has Stepped Down as President and CEO, Peter Kukielski Appointed Interim CEO
July 10 2019 - 7:00AM
Hudbay Minerals Inc. (“Hudbay” or the “company”)
(TSX, NYSE: HBM) today announced that
Alan Hair has stepped down as Hudbay's President and Chief
Executive Officer and as a director of the company. Mr. Hair spent
more than 20 years with Hudbay and was instrumental in the
company's growth, serving as Chief Operating Officer from 2012 to
2015 before being appointed President and Chief Executive Officer
in 2016.
Peter Kukielski has been appointed Interim Chief
Executive Officer. Peter has more than 30 years of extensive global
experience within the base metals, precious metals and bulk
materials sectors, having overseen operations across the globe.
“We have a strong management team and an
experienced leader in Peter Kukielski, who will ably lead the
company in the interim while we complete our search for the best
possible permanent leader for Hudbay,” stated Alan Hibben, Chair of
the Board of Directors. "Alan’s departure does not affect our
strategic or financial outlook. Our focus remains on executing
against our value creation strategy and delivering on a number
of near-term catalysts."
The Board has commenced a search for a permanent
Chief Executive Officer, which may include internal and external
candidates.
“While I always believed as much from outside
the company, I have learned a lot about Hudbay as a Director and
feel more than ever that this company has a bright future,” said
Peter Kukielski, Interim Chief Executive Officer. “I look forward
to working with our experienced and dedicated management team to
deliver on our 2019 strategic priorities and near-term
catalysts.”
About Hudbay
Hudbay (TSX, NYSE: HBM) is an integrated mining
company primarily producing copper concentrate (containing copper,
gold and silver), molybdenum concentrate and zinc metal. With
assets in North and South America, the company is focused on the
discovery, production and marketing of base and precious metals.
Directly and through its subsidiaries, Hudbay owns three
polymetallic mines, four ore concentrators and a zinc production
facility in northern Manitoba and Saskatchewan (Canada) and Cusco
(Peru), and copper projects in Arizona and Nevada (United States).
The company’s growth strategy is focused on the exploration and
development of properties it already controls, as well as other
mineral assets it may acquire that fit its strategic criteria.
Hudbay’s vision is to be a responsible, top-tier operator of
long-life, low-cost mines in the Americas. Hudbay’s mission is to
create sustainable value through the acquisition, development and
operation of high-quality, long-life deposits with exploration
potential in jurisdictions that support responsible mining, and to
see the regions and communities in which the company operates
benefit from its presence. The company is governed by the Canada
Business Corporations Act and its shares are listed under the
symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange
and Bolsa de Valores de Lima. Further information about Hudbay can
be found on www.hudbay.com.
For investor inquiries, please contact:
Candace BrûléDirector, Investor Relations
(416) 814-4387 candace.brule@hudbay.com
For media inquiries, please
contact:
Scott BrubacherDirector, Corporate
Communications (416) 814-4373 scott.brubacher@hudbay.com
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