Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Fresnillo CEO Jaime Lomelín Retires - Quick Facts

7/26/2012 5:25 AM ET

Fresnillo plc (FRES.L) announced the retirement of Jaime Lomelín as CEO. The company also said it named Octavio Alvidréz as CEO designate.

Alvidréz is currently General Manager of the Madero mine, one of Mexico's largest zinc mines and an important operation for Peñoles.

Alvidréz joined Peñoles in August 1998. Since then he has held a number of senior operational and financial positions across Peñoles and Fresnillo, including that of Treasurer, Head of Investor Relations in London and Head of Procurement.

Alvidréz was the unanimous choice of the Board to succeed Lomelín following a vigorous review process and recommendation by the Nominations Committee. He will formally take on the role on August 15, 2012, following a handover period.

Click here to receive FREE breaking news email alerts for Fresnillo PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.