Canadian miner Hudbay Minerals (TSX, NYSE: HBM) announced Wednesday that Alan Hair had stepped down as its chief executive officer after more than 20 years with the company.
Peter Kukielski will serve as
interim-CEO, while the miner looks for a permanent leader.
The move comes only two months after the Toronto-based miner settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing Hair and overhaul the board.
Much of Waterton’s discontent was triggered by Hudbay’s alleged intention to buy Chile’s Mantos Copper for about C$1 billion ($763 million) last year.
Hudbay mines for zinc and copper,
primarily in Canada’s Manitoba province, and also has operations in Peru and
Arizona.
More to come…