REG - Hochschild MiningPLC - Changes to Board of Directors

Hochschild MiningAnnouncement

23/02/2022 07:00

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RNS Number : 4670C  Hochschild Mining PLC  23 February 2022

 

 

_________________________________________________________________________________

23 February 2022

 

Hochschild Announces Changes to Board of Directors

 

Hochschild Mining PLC (the "Company") announces certain changes to the
composition of the Board of Directors to take effect from the conclusion of
the forthcoming Annual General Meeting ("AGM") on 26(th) May 2022.

 

Graham Birch and Dionisio Romero will be retiring from the Board, and Mike
Sylvestre and Nicolas Hochschild will be appointed to the Board as Independent
Non-Executive Director and Non-Executive Director respectively.

 

Mike Sylvestre is currently the Senior Vice President, Operations, at Kinross
Gold Corp and a Non-Executive Director of TSX-listed Nickel Creek Platinum
Corp. Prior to joining Kinross, Mike served as a Director and Interim CEO of
TSX-listed Claude Resources Inc. Mike spent a significant portion of his
career with Vale Canada (formerly Inco Ltd) where he held key senior
management positions domestically and internationally. Most notably, he held
the position of CEO New Caledonia and President, Manitoba Operations.  He
previously served as Vice President of Operations for PT Vale Indonesia. Mike
holds a M.Sc. and a B.Sc. in Mining Engineering from McGill University and
Queen's University, respectively. He is a member of the Professional Engineers
of Ontario and a graduate of the Institute of Corporate Directors (ICD) in
partnership with the Rotman School of Management.

 

Nicolas Hochschild, who is the son of the Chair, Eduardo Hochschild, is being
appointed to the Board in place of Dionisio Romero as a nominee of the
Company's largest shareholder, Pelham Investment Corporation ("Pelham").
Pelham, which is controlled by Eduardo Hochschild, has the right to appoint
two Non-Executive Directors to the Board under the terms of the Relationship
Agreement for as long as it holds 30% or more of the Company's ordinary
shares.

 

Nicolas is a Mergers & Acquisitions Senior Analyst for Forum Brands, a
New-York based e-commerce business. Nicolas holds a B.Sc. in Mechanical
Engineering and an M.Sc. in Management Science and Engineering, both from
Stanford University.

 

Changes to Committee Composition

The Company further announces the following changes to the composition of the
Company's Board Committees:

-  Tracey Kerr will become a member of the Remuneration Committee with effect
from 1 March 2022 when Eileen Kamerick will step down from the Committee;

-  Tracey Kerr will become a member of the Sustainability Committee on 1
March 2022 and, following Graham Birch's retirement from the Board, will
become Chair of that committee;

-  Michael Rawlinson will step down from the Sustainability Committee on 1
March 2022; and

-  Mike Sylvestre will be appointed a member of the Sustainability Committee
and Nomination Committee upon joining the Board.

 

Eduardo Hochschild, Chairman, said:

"I am delighted to announce Mike's appointment to the Board. He brings over
thirty years of management, operations, technical and project experience which
will be of huge value as we progress with the recently acquired Posse gold
project and the ongoing work at the Snip project in Canada. I am also very
pleased to welcome Nicolas to the Board.

 

I would also like to pay my special thanks as well as those of the Board, to
both Dionisio and Graham who, between them, have served for over 14 years. We
have benefited greatly from their contributions over the years and wish them
both our best wishes for the future."

 

In light of the above, Graham Birch and Dionisio Romero will not be standing
for re-election at the AGM.

 

From the conclusion of the AGM, the Hochschild Board will continue to comprise
nine Directors of whom six will be independent Non-Executive Directors.

 

Other than as disclosed above, there are no additional matters to be disclosed
under Listing Rule 9.6.13R with respect to the appointments of Mike Sylvestre
and Nicolas Hochschild.

________________________________________________________________________________

Enquiries:

Hochschild Mining PLC

Raj Bhasin
                                  +44 (0)7825
533495

Company Secretary

 

Hudson Sandler

Charlie
Jack
                    +44 (0)20 7796 4133

Public Relations

________________________________________________________________________________________________

About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on
the London Stock Exchange (HOCM.L / HOC LN) and crosstrades on the OTCQX
Best Market in the U.S. (HCHDF), with a primary focus on the exploration,
mining, processing and sale of silver and gold. Hochschild has over fifty
years' experience in the mining of precious metal epithermal vein deposits and
currently operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has numerous
long-term projects throughout the Americas.

 

LEI: 549300JK10TVQ3CCJQ89

_____________________________________________________________________________________

 

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