REG - Wheaton Precious Met - Retirement of Board Chair

Wheaton Precious MetalsAnnouncement

28/03/2022 14:00

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RNS Number : 2673G  Wheaton Precious Metals Corp.  28 March 2022

 

 

 
March 28, 2022                                                                                   TSX | NYSE | LSE: WPM
Vancouver, British Columbia

 

 

WHEATON PRECIOUS METALS announces retirement of BOARD CHAIR

 

Vancouver, British Columbia - Wheaton Precious Metals™ Corp. ("Wheaton" or
the "Company") announces that Mr. Doug Holtby intends to retire as both Chair
and Non-Executive Director of the Board upon the completion of his term at the
upcoming 2022 annual general and special meeting of shareholders scheduled for
May 13, 2022 (the "AGM"). Mr. Holtby has been a director since 2006 and the
Chair of Wheaton since 2009.

 

"On behalf of the Board and the management team at Wheaton, I would like to
thank Doug for his dedication and guidance over the last 16 years," said Randy
Smallwood, President and Chief Executive Officer of Wheaton Precious Metals.
"Under his leadership, Wheaton grew from a small, niche player in the silver
industry to one of the largest and most profitable precious metals companies
in the world. As Board Chair, his leadership kept us focussed on always
improving the streaming model and moving forward in all aspects of the
business."

 

"Doug leaves an amazing legacy at Wheaton. During his tenure, Wheaton
underwent transformational growth and has positioned itself as both a leader
and innovator in the precious metals and mining sector. I am honoured to
succeed Mr. Holtby and look forward to working with the Board and management
in continuing to deliver exceptional results to all of Wheaton's
stakeholders," said George Brack, Chair Designate of Wheaton.

 

George Brack -  Chair Designate

 

The board intends to appoint Mr. George Brack as the Non-Executive Chair of
the Board to be effective on the retirement of Mr. Holtby. Mr. Brack has been
a director of Wheaton since 2009, and most recently served as the Chair of the
Governance and Sustainability Committee. Mr. Brack's 35-year career in the
mining industry focused on exploration, corporate development and investment
banking, specifically identifying, evaluating and executing strategic mergers
and acquisitions, and raising equity capital. Until 2009, he was Managing
Director and Industry Head, Mining at Scotia Capital, and served as the Chair
of the Board for Capstone Mining Corp. from 2011 to 2022 (where he is
currently Lead Independent Director).

 

Jaimie Donovan - Nominee Director

 

A new director has been proposed for election to the Board every other year
since 2016, reflective of the Board's commitment to Board renewal. Consistent
with this approach, Ms. Jaimie Donovan is being proposed for election to the
Board at the AGM. Ms. Donovan has over 20 years of mining industry experience,
spanning roles in operations, technical services, capital allocation and
corporate development.  She was the Head of Growth and Evaluations for
Barrick Gold in North America until March 2019. Ms. Donovan has significant
technical and operations experience working at mines in Australia and Canada
for Barrick, Goldfields and Western Mining. Ms. Donovan holds Bachelor degrees
in Mining Engineering (B.Eng. Honours) and Commerce (B.Com. Finance) from the
University of Western Australia.

 

For further information, please contact:

 

Patrick Drouin

Senior Vice President, Investor Relations

Wheaton Precious Metals Corp.

Tel: 1-844-288-9878

Email: info@wheatonpm.com

Website: www.wheatonpm.com

 

 

 

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

 

This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation concerning the business, operations and financial
performance of Wheaton. Forward-looking statements, which are all statements
other than statements of historical fact, include, but are not limited to,
statements with respect to the AGM. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Wheaton to
be materially different from those expressed or implied by such
forward-looking statements including risks discussed in the section entitled
"Description of the Business - Risk Factors" in Wheaton's Annual Information
Form available on SEDAR at www.sedar.com (http://www.sedar.com) and Wheaton's
Form 40-F for the year ended December 31, 2020 on file with the U.S.
Securities and Exchange Commission on EDGAR and Wheaton's management's
discussion and analysis for the year ended December 31, 2021 available on
SEDAR and on Form 6-K on file with the U.S. Securities and Exchange Commission
on EDGAR. Forward-looking statements are based on assumptions management
currently believes to be reasonable, including (without limitation) that there
will be no material adverse change in the market price of commodities, that
the mining operations from which Wheaton purchases precious metals will
continue to operate, that each party will satisfy their obligations in
accordance with the precious metals purchase agreements, that neither Wheaton
nor the Mining Operations will suffer significant impacts as a result of an
epidemic (including the COVID-19 virus pandemic)  and that Wheaton's
application of the CRA Settlement for years subsequent to 2010 is accurate
(including the Company's assessment that there will be no material change in
the Company's facts or change in law or jurisprudence for years subsequent to
2010).

 

 

 

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