VANCOUVER, BC, May 8, 2023
/CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company")
announces the retirement of Mr. Eduardo
Luna as part of the Company's board renewal program and the
retirement of Mr. John Brough due to
personal health reasons. Both directors intend to retire upon the
completion of their terms at the upcoming 2023 annual general and
special meeting of shareholders scheduled for May 12, 2023 (the "Meeting").
Mr. Luna has served on the company's Board of Directors
since 2004 and was Chair of the Company from October 2004 to May
2009. Mr. Luna was also Interim Chief Executive Officer of
the Company from October 2004 to
Mr. Brough has also served on the company's Board of Directors
since 2004, during which time he served as Chair of the Company's
Audit Committee as well as serving on other board committees.
"Since Wheaton's inception, Eduardo and John have played
instrumental roles in guiding our transformation into the world's
premier precious metals streaming company," said Randy Smallwood, President and Chief Executive
Officer of Wheaton. "Eduardo's expertise in Latin America, knowledge of the global economy
and vast experience in the mining sector has made him an immensely
valued adviser to Wheaton. We also benefitted from John's strong
track record of strategic management, his financial acumen, audit
expertise and general enthusiasm for continuous professional
development. On behalf of the Board and the management team at
Wheaton, I would like to thank Eduardo and John for their
dedication and support over the last 19 years. Both Eduardo and
John will always be a part of Wheaton."
"We have been very fortunate to benefit from the wisdom of
Eduardo and John's counsel and have valued their insights in
shaping and building Wheaton into the leaders of the streaming and
royalty space," said George Brack,
Chair of the Board of Wheaton. "We extend our heartfelt thanks to
the both of them. Finally, on behalf of the Board and everyone at
Wheaton, we wish John and his family all the best as they navigate
these difficult times."
Ms. Jeane Hull has been put
forward by the Company as a nominee for director in place of Mr.
Luna at the Meeting. Given the sudden nature of Mr. Broughs'
departure, the Company does not intend to put forward another
nominee for director at the Meeting to fill his vacancy at this
SOURCE Wheaton Precious Metals Corp.