One of the largest investors in Hudbay Minerals plans to nominate a majority slate of directors at the company’s annual general meeting and propose a new CEO to improve performance.
Waterton Global Resource Management, which owns 10% of Hudbay Minerals, met chairman Alan Hibben and director Sarah Kavanagh in November to discuss replacing board members, according to a letter to other shareholders reviewed by Bloomberg. Those talks have hit an impasse, the letter shows.