SQM ousts CEO after 25 years at the helm

• Autores: Laura Syrett, James Sean Dickson
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 571, 2015 (Ejemplar dedicado a: Abril)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • [Patricio Contesse] de Solminihac Tampier was elected unanimously by the board as the new CEO of SQM - a decision that was welcomed as "good news" by brokers BanChile in a note on the move. Tampier's appointment was "a first step towards confronting market worries linked to the company's corporate governance," BanChile said.

    The news prompted the resignation of three of SQM's directors, Wayne Brownlee, Alejandro Montero and Jose Maria Eyzaguirre, which hold senior positions at North American fertiliser company PotashCorp., with the company accusing SQM of failing to "authorise a review [of the Chilean Public Prosecutor's allegations] which meets the standards we expect".

    The Olaroz Project is a joint venture (JV) between Orocobre, Toyota and Singapore's Jujuy Energia y Mineria Sociedad. It is operated through Sales de Jujuy, a subsidiary of the Singaporean business, and the equity interest is Orocobre 66.5%, Toyota 25% and Jujuy Energia y Mineria Sociedad del Estado 8.5%.