LUXEMBOURG / ACCESSWIRE / September 16, 2021 / In connection with its executive succession planning, Nexa Resources SA (“Nexa Resources” or “Nexa” or the “Company”) (symbol NYSE and TSX: “NEXA”) announced today that Mr. Ignacio Rosado has been chosen to replace the current President and Chief Executive Officer (“CEO”) Mr. Tito Martins. Mr. Rosado will join Nexa on November 1, 2021 and will begin an orderly transition process with Mr. Martins, who will remain as CEO until December 31, 2021 to help during the transition period.
Mr. Rosado, 52, joins Nexa with more than 16 years of experience in the metals and mining industry, and extensive experience serving on boards of directors in various countries. Mr. Rosado led the initial public offering of Hochschild Mining Plc and its acquisition strategy on Canadian mining assets. He also led the reorganization and transformation of Volcan Compañia Minera SAA (“Volcan”) which included the construction of two new polymetallic mines and the issuance of bonds for over US $ 1 billion. Prior to joining Nexa Resources, Mr. Rosado was CEO of Volcan since 2014 and its Deputy CEO since 2010. Prior to Volcan, he was Director and CFO at Hochschild Mining Plc. since 2005 and as Senior Project Manager at McKinsey & Company since 2000. During his career he has also served on the Board of Directors of Lake Shore Gold Corp., Zincore Metals, Cordoba Minerals and Kaizen Discovery. He received a degree in economics in 1992 from the Universidad del Pacifico and an MBA from the Ross School of Business at the University of Michigan in 2000.
“As part of our long-term CEO succession planning, and following extensive and careful research by the Nominating and Governance Committee of our Board of Directors, we believe Mr. Rosado is particularly qualified to build on the achievements of the company under the leadership of Mr. Martins. leadership, and we are confident in its ability to continue Nexa’s strong performance by creating lasting value, ”said Jaime Ardila, Chairman of the Board.
Mr. Martins has led the Company since 2012, was the architect of its reorganization and initial public offering in 2017, and laid the foundation for his continued leadership in the mining and metallurgical industry. He also launched the Nexa Way program which strengthened our business model and transformed our culture, and oversaw the construction and development of the world-class Aripuanã project, Nexa’s sixth underground mine in Brazil. This project is part of the Company’s strategy to further integrate mining and smelting operations.
“We are grateful to Tito for his leadership and years of service to Nexa Resources, and his contributions to the Company have enabled us to continue to be successful in the years to come,” said Mr. Ardila.
Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience in the development and operation of mining and smelting assets in Latin America. Nexa currently owns and operates five long-lived underground mines – three located in the central Andes of Peru and two located in the state of Minas Gerais in Brazil – and is developing the Aripuanã project as the sixth underground mine in Mato Grosso, Brazil. Brazil. Nexa was among the world’s top five producers of mined zinc in 2020 and also among the world’s top five producers of metallic zinc in 2020, according to Wood Mackenzie.
Caution regarding forward-looking statements
This press release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this press release as “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. The words “believe”, “will”, “may”, “may have”, “, continue continuing” “planned”, “forecast” and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors that may cause NEXA’s actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by forward-looking statements. statements. Actual results and developments may differ materially from expectations described in forward-looking statements for a number of reasons, many of which are not under our control, including the activities of our competitors, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the above-mentioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced, among other things, by legal, political, environmental or other risks that could significantly affect the potential development of our projects, including risks related to epidemics of contagious diseases or diseases. health crises having an impact on overall economic activity at the regional level. or globally.
These forward-looking statements relate to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements regarding management’s expectations with respect to, but not limited to, the business and operations of the Company and mining production our growth strategy, the impact of applicable laws and regulations, future prices of zinc and other metals, smelter sales, CAPEX, expenses related to exploration and project appraisal, estimate of mineral reserves and / or mineral resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based on a number of factors and assumptions which, although considered reasonable and appropriate by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies and may prove to be inaccurate. . Statements regarding future production costs or volumes are based on numerous assumptions made by management regarding operational matters and on assumptions that demand for products will develop as expected, and that customers and other counterparties will meet their obligations. contractual obligations, full integration of mining and smelting operations, plans will not be disrupted by problems such as mechanical breakdowns, unavailability of parts and supplies, labor disruptions, transportation disruption or utilities, adverse weather conditions and other impacts related to COVID-19, and that there are no unforeseen significant variations in metal prices, exchange rates or the cost of energy, supplies or transport, among other assumptions.
We assume no obligation to update any forward-looking statements, except as required by securities laws. Estimates and forward-looking statements involve risks and uncertainties and are not guarantees of future performance, as actual results or developments may differ materially from the expectations described in forward-looking statements. Further information regarding the risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).
For more information, please contact:
Roberta Varella – Head of Investor Relations
+55 11 3405-5601
THE SOURCE: Nexa Resources SA
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