25 maj: Parken bekærfter: Carsten V. Jensen stopper som FCK-træner (NY)
26 maj: Skattereform 2012
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

Shipping: Baltic Dry-indekset falder 0,6 pct. til 1147 point

26-04-2017 14:05:11
Tørlastindekset Baltic Dry falder onsdag for syvende børsdag på stribe - denne gang med 0,6 pct. til 1147 point. Det fremgår af data fra Bloomberg News.Baltic Dry-indekset udarbejdes af London-baserede Baltic Exchange og dækker priserne for at få fragtet last som kul, korn og jernmalm. Indekset er baseret på en daglig rundspørge til mæglere over hele verden.Baltic Dry ramte et foreløbigt højdepunk..

Express Scripts lider efter afsked med megakunde - citat

26-04-2017 09:10:44
Express Scripts, der er USA's største indkøber af medicin, er havnet i en krise, efter at selskabet mistede sin største kunde, sundhedsforsikringsselskabet Anthem. Forsikringsselskabet har hidtil bidraget med 17,1 mia. dollar til Express Scripts toplinje (på cirka 100 mia. dollar i 2016, red.).Det skriver the Wall Street Journal.I flere år har Express Scripts været stolte over, at have en simpel f..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/Danske: Tre vigtige døgn venter aktiemarkederne
2
Trumps skattereform koster dyrt - citat
3
Aktier/tendens: Positive takter i regnskabsstorm og venten på Trump
4
Aktier/åbning: Novozymes spurter frem og trækker eliteindeks med sig
5
Novozymes leverer højere vækst end ventet fra årets start

Relaterede aktiekurser

Anglo American PLC ORD U.. 1.107,23 -1,4% Fald i aktiekurs
Antofagasta PLC ORD 5P 834,79 -0,4% Fald i aktiekurs
Anglo PLC 14,00 -4,4% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
26. april 2017 19:43:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170403.1 - EUROWEB2 - 2017-04-26 19:43:33 - 2017-04-26 19:43:33 - 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