Chile’s State-owned copper producer Codelco named Octavio Araneda as CEO, following the departure of Nelson Pizarro.
Pizarro handed in his resignation on Friday during a board meeting at the company’s headquarters in Santiago, Codelco said in a statement. Araneda, who was most recently vice-president of operations at the company’s central and southern division, was chosen unanimously by the board. The leadership change will be effective September 1.