REG - Fresnillo Plc - Board and Committee Changes

FresnilloAnnouncement

05/03/2024 12:45

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RNS Number : 6691F  Fresnillo PLC  05 March 2024

 
                                                                                           Fresnillo
plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com (http://www.fresnilloplc.com)

 

 5 March 2024

 

Fresnillo plc - Board and Committee Changes

 

Fresnillo plc (the "Company") announces that Ms Luz Adriana Ramírez and Ms
Rosa Vázquez will be proposed for election as Independent Non-executive
Directors of the Company at the Annual General Meeting (AGM) to be held on 21
May 2024 AGM. If they are elected as directors, their respective appointments
will take effect from the conclusion of the AGM.

 

Ms Ramírez is currently Managing Director / Country Manager of VISA in
Mexico. She has more than 30 years of experience in commercial, consumer and
industrial finance, as well as a further seven years in the industrial
businesses sector early on in her career.

 

Ms Ramírez has been one of Forbes Mexico "100 Most Powerful Women in Mexico"
for the last eight consecutive years. Bloomberg Online considers her one of
"The 500" most influential people in Latin America; Expansión business
magazine has included her in its edition of the "100 Powerful Women in
Business" for the last three years and Mexican Leaders publication considered
her in their list of "Women out of Series".

 

Ms Ramírez has served as an independent director on the board of directors of
Fibra Mty S.A.P.I. de C.V. (FMTY14) since 2020 and is a member of its Audit
Committee. She is also on the board of directors of the American Chamber of
Commerce of Mexico (AMCHAM) and is also Vice President for the Mexican
Association of Executive Women (AMME). In addition, during her career, Ms
Ramírez has served as Vice President in the committee of the Executive
Council of Global Companies (CEEG) for six consecutive years. She worked for
18 years at General Electric, within various businesses in the industrial,
corporate and financial areas. Ms Ramírez is a dynamic senior executive who
will bring a successful career across multiple industries. She is a strong
leader, motivating teams to deliver on strategy and objectives.

 

Ms Ramírez holds a degree in Chemical Engineering from the Universidad de
LaSalle and an MBA from the Universidad de Nuevo Leon.

 

Ms Vázquez 30-year professional career was forged in DuPont and continuing
with The Chemours Company after the spin-off in 2015 where she served as
President and Country Manager in Mexico until March 2023. Ms Vázquez was
chairwoman of the Board of the Mexico operation and brought a strong focus on
governance and compliance upholding the highest ethical standards, amidst
achanging regulatory environment for chemical businesses and labour laws.

 

She is an active member of the Risk & Audit Committee and chairs the
Sustainability Committee at Bocar Group. She also serves in the Vigilance
Committee of the American Society of Mexico. Ms Vázquez was a board member of
the ICC International Chamber of Commerce, ANIQ and DuPont-Duwest. She is a
strong people leader with a track record of developing talent, motivating
teams, and driving engagement and will bring the experience and technical
knowledge to add value to the Board, particularly an orientation to best
practices and governance. Ms Vázquez holds a degree in Public Accounting from
Tec de Monterrey (ITESM), a diploma in Finance from ITAM, as well as a Board
Member Diploma from IPADE.

 

During the Board meeting held on 28 February 2024, Fresnillo plc Chairman
Alejandro Baillères said of Ms Vázquez appointment: "I am very pleased that
Rosa has agreed to join our Board, subject to her election at the Company's
forthcoming annual general meeting. Rosa Vázquez brings a wealth of expertise
in Environmental, Social, and Governance (ESG) matters, which will greatly
contribute to Fresnillo's strategic direction."

 

Mr Alejandro Baillères also said of Ms Ramírez appointment: "I am delighted
that Luz Adriana has agreed to join the Board. Her experience across finance,
leadership, and strategic collaboration, makes her an exceptional candidate
for the Non-Executive Director position at Fresnillo. I also look forward to
welcoming her to the Board following the 2024 AGM".

 

The Company also announces that Dame Judith Macgregor will be appointed as the
Senior Independent Director from the date of the AGM, replacing Charlie Jacobs
in that role. She joined the Board as a non-executive Director in 2017.

 

The Board, at its meeting held on 28 February 2024, has also approved a
recommendation from the Nominations Committee that Ms Georgina Kessel and Ms
Guadalupe de la Vega be appointed as members of the Nominations Committee in
place of Ms Bárbara Garza Lagüera and Mr Charles Jacobs, to be effective
from the AGM:

 

Considering the foregoing, the new compositions of all the relevant committees
will be as follows:

 

        Nominations           Remuneration Committee  Audit

        Committee                                     Committee
 Chair  Alejandro Baillères   Alberto Tiburcio        Alberto Tiburcio
        Georgina Kessel       Alejandro Baillères     Georgina Kessel
        Guadalupe de la Vega  Guadalupe de la Vega    Héctor Rangel

 

Fresnillo plc Chairman Alejandro Baillères said: "I would like to take this
opportunity to express gratitude to Bárbara and Charlie for their dedicated
service on the Nominations Committee. Their commitment has played an
instrumental role in the committee's progress."

 

The Company confirms that there is no other information regarding Ms Ramírez
or Ms Vázquez that is required to be disclosed under paragraph 9.6.13 of the
Listing Rules of the UK Listing Authority.

 

The information contained within this announcement is deemed by Fresnillo plc
to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this announcement, this
inside information is now considered to be in the public domain. The person
making the notification is Gustavo Alarcon General Counsel and Compliance
Officer, Fresnillo plc. The time of the notification is 12:30 pm UK time.

 

For further information, please visit our website www.fresnilloplc.com
(http://www.fresnilloplc.com) or contact:

 FRESNILLO PLC                                                  Tel: +44 (0)20 7399 2470

 London Office

 Gabriela Mayor, Head of Investor Relations

 Mark Mochalski

 Mexico City Office                                             Tel: +52 55 52 79 3206

 Ana Belem Zárate

 POWERSCOURT                                                    Tel: +44 (0)7793 858 211

 Peter Ogden

 

ABOUT FRESNILLO PLC

Fresnillo plc is the world's largest primary silver producer and Mexico's
largest gold producer, listed on the London and Mexican Stock Exchanges under
the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo,
Saucito, Ciénega (including Las Casas Rosario & Cluster Cebollitas),
Herradura, Soledad-Dipolos(1), Noche Buena and San Julián (Veins and
Disseminated Ore Body), three development projects - the Pyrites Plant at
Fresnillo, the ptimization of the beneficiation plant also at Fresnillo, and
Juanicipio, and four advanced exploration projects - Orisyvo, Rodeo,
Guanajuato and Pilarica, as well as a number of other long term exploration
prospects.

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru
and Chile.

Fresnillo plc has a strong and long tradition of exploring, mining, a proven
track record of mine development, reserve replacement, and production costs in
the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's
largest primary silver company and Mexico's largest gold producer.

(1) Operations at Soledad-Dipolos are currently suspended.

 

FORWARD-LOOKING STATEMENTS

Information contained in this announcement may include 'forward-looking
statements'. All statements other than statements of historical facts included
herein, including, without limitation, those regarding the Fresnillo Group's
intentions, beliefs or current expectations concerning, amongst other things,
the Fresnillo Group's results of operations, financial position, liquidity,
prospects, growth, strategies and the silver and gold industries are
forward-looking statements. Such forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances.
Forward-looking statements are not guarantees of future performance and the
actual results of the Fresnillo Group's operations, financial position and
liquidity, and the development of the markets and the industry in which the
Fresnillo Group operates, may differ materially from those described in, or
suggested by, the forward-looking statements contained in this document. In
addition, even if the results of operations, financial position and liquidity,
and the development of the markets and the industry in which the Fresnillo
Group operates are consistent with the forward-looking statements contained in
this document, those results or developments may not be indicative of results
or developments in subsequent periods. A number of factors could cause results
and developments to differ materially from those expressed or implied by the
forward-looking statements including, without limitation, general economic and
business conditions, industry trends, competition, commodity prices, changes
in regulation, currency fluctuations (including the US dollar and Mexican Peso
exchanges rates), the Fresnillo Group's ability to recover its reserves or
develop new reserves, including its ability to convert its resources into
reserves and its mineral potential into resources or reserves, changes in its
business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

 

 

 

 

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