30th Jan 2020 16:59
(Alliance News) - Chilean miner Antofagasta PLC said Thursday it has promoted Mauricio Ortiz, vice president of Finance in the Mining division to chief financial officer with effect on March 31.
He will be replacing Alfredo Atucha, who has been part of Antofagasta for seven years since 2013.
Ortiz has been part of the miner for five years since 2015, and prior to that was part of Chilean state-owned mining firm Codelco for four years from 2011 to 2015.
"I want to thank Alfredo for his important contribution to the development of the group over the seven years he has been CFO. He has been key in the centralisation and optimisation of our corporate centre's functions and structures, delivering significant cost savings and efficiency gains every year, and making Antofagasta the successful company it is today," said Chief Executive Officer Ivan Arriagada.
"Mauricio brings valuable experience to the group and has demonstrated in his time as vice president - Finance of the Mining division and as head of our Transport division that he has the skills to lead the finance function and make an important contribution to the continued success of the company," Arriagada added.
Shares in Antofagasta closed 0.7% lower at 855.00 pence on Thursday in London.
By Dayo Laniyan; [email protected]
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