logo
Share SHARE
FONT-SIZE Plus   Neg

Fresnillo CEO Jaime Lomelín Retires - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and... Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...
comments powered by Disqus
Follow RTT