25 maj: UPDATE: US Consumer Sentiment At Highest Level Since 2007
25 maj: Diageo Buys For Treasury 57,206 Shares At 1503.26P
25-05-2012 18:08:00

Chile Codelco Chairman: Timing Of CEO Resignation Unexpected

Relateret indhold

SANTIAGO -(Dow Jones)- The timing for the resignation of Chilean state copper giant Codelco's Chief Executive Diego Hernandez was unexpected but it won't weaken the company's image, the chairman of the company's board said Friday.

Codelco is in the middle of a legal battle with Anglo American PLC (AAUKY, AAL.LN) over an option the state miner has for a stake in Anglo's Sur copper mining complex.

"This was Diego Hernandez's personal decision. We tried to find the best moment, but it wasn't possible," Chairman Gerardo Jofre told reporters.

He said the board was previously aware of Hernandez's wish to leave the world's biggest copper miner.

Earlier this week, Hernandez tendered his resignation, effective June 1, citing personal reasons.

In addition to speculating that Hernandez could be headed to London-listed Chilean miner Antofagasta PLC (ANTO.LN) to fill the vacant CEO spot, local newspapers reported his resignation was due to differences with the board over management styles, but Jofre denied these reports.

"We have a very good relationship with Diego Hernandez," he said.

Codelco's board named chief financial officer Thomas Keller as the new CEO.

Earlier this week, Anglo and Codelco agreed to suspend their legal wrangle until June 22 in the hopes of reaching an out-of-court settlement over the stake in the Sur property.

Jofre said the management shuffle wouldn't alter Codelco's strategy in its dealings with Anglo American.

Due to an option dating back to 1978, Codelco holds that it has the right to buy a 49% stake in Anglo's Sur complex, and struck a financing deal for the purchase in October with Japan's Mitsui & Co (8031.TO).

Anglo, meanwhile, argues that the option only allows Codelco to buy a 24.5% stake in the Sur complex following Anglo's sale of a Sur stake in November to Japan's Mitsubishi Corp. (8058.TO) for $5.39 billion.

-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919; carolina.pica@dowjones.com

--Graciela Ibanez contributed to this article.

(END) Dow Jones Newswires

May 25, 2012 12:08 ET (16:08 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Carlsberg: Detailsalget af øl i Rusland steg igen i august

30-09-2014 16:24:29
Det russiske detailsalg af øl steg i august for anden måned i træk. Denne gang var fremgangen på 3,0 pct. sammenlignet med august sidste år efter en stigning på..

Vestas vinder ordre på 79,2 megawatt i Sverige

30-09-2014 12:19:30
Vestas har modtaget en ordre i Sverige på levering af 24 møller med en samlet kapacitet på 79,2 megawatt.Det oplyser vindmølleproducenten tirsdag.Møllerne skal ..

Carlsberg/Sydbank: Lille russisk overraskelse

30-09-2014 09:25:24
Det kom mandag frem, at Carlsberg har valgt midlertidigt at nedlukke et af sine bryggerier i Rusland, hvor selskabet i øjeblikket kører med stor overkapacitet. ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/Maj Invest: Aktiemarkedet ikke spekuleret for højt
2
Aktier/tendens: Novo tester rekordniveau
3
Carlsberg/Sydbank: Lille russisk overraskelse
4
Vestas vinder ordre på 79,2 megawatt i Sverige
5
Danske Bank er upopulær blandt erhvervskunder - avis

Relaterede aktiekurser

Anglo American PLC Ord U.. 1.384,00 0,0% Aktiekurs uændret
Antofagasta PLC 721,00 0,3% Stigning i aktiekurs
Anglo PLC 21,30 0,7% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
1. oktober 2014 01:58:39
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140930.1 - EUROWEB6 - 2014-10-01 01:58:39 - 2014-10-01 01:58:39 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x