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First Quantum Minerals to Appoint Tristan Pascall as Next CEO
TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that the Board of Directors
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":" TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (\"First Quantum\" or the \"Company\") (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the Company’s Chief Operating Officer (COO), to the role of Chief Executive Officer (CEO). The appointment will take effect at the Annual General Meeting (AGM) to be held in early May 2022, at which time Philip Pascall, the Company’s current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman of the Board. The Company will nominate Tristan Pascall for election as a director at the AGM. The appointment of Tristan Pascall represents the culmination of a succession planning process led by independent directors on the Board’s Nominating and Governance Committee, comprised of Robert Harding, Andrew Adams and Kathleen Hogenson. The Committee engaged Egon Zehnder, a leading executive recruitment firm, to assist them in the process. The search focused on identifying outstanding leaders with substantial mining experience and included both internal candidates and a worldwide external search. Following a thorough evaluation, the Committee determined that Tristan Pascall was the best candidate and submitted its recommendation to the Board of Directors, which voted unanimously to approve the recommendation. In his current role of Chairman and CEO, Philip Pascall abstained from voting. “After a thorough search process, we are very pleased to appoint Tristan Pascall as First Quantum’s next Chief Executive Officer. Tristan has demonstrated impressive leadership in his current role as COO as he navigated the successful ramp-up of our largest asset through the challenging environment presented by the global pandemic. Tristan’s previous hands-on leadership experience of eight years in Zambia and four years in Panama has given him a deep knowledge of our assets, operating teams and local partners. His practical, on-the-ground experience with our people and projects, combined with lessons learned from the countries where we operate, embodies the Company’s culture and makes Tristan the right leader for First Quantum,” said Robert Harding, Chair of the Nominating and Governance Committee and Lead Independent Director. “We believe Tristan’s combination of operational, strategic and capital markets experience, as well ...