First Quantum taps COO Tristan Pascall as new CEO
(Kitco News) - First Quantum Minerals (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the company's Chief Operating Officer (COO), to the role of Chief Executive Officer (CEO).
According to the company's statement, the appointment will take effect at the Annual General Meeting (AGM) to be held in early May 2022, at which time Philip Pascall, the company's current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman of the Board.
The company said it will nominate Tristan Pascall for election as a director at the AGM. "The appointment of Tristan Pascall represents the culmination of a succession planning process led by independent directors on the Board's Nominating and Governance Committee," the company noted.
The company added that following a thorough evaluation, the Committee determined that Tristan Pascall was the best candidate and submitted its recommendation to the Board of Directors, which voted unanimously to approve the recommendation.
"After a thorough search process, we are very pleased to appoint Tristan Pascall as First Quantum's next Chief Executive Officer. Tristan has demonstrated impressive leadership in his current role as COO as he navigated the successful ramp-up of our largest asset through the challenging environment presented by the global pandemic," said Robert Harding, Chair of the Nominating and Governance Committee and Lead Independent Director.
"We believe Tristan's combination of operational, strategic and capital markets experience, as well as the strong stakeholder relationships he has developed, are fundamental to the continuity of our unique core capabilities, namely industry-leading project execution and operational excellence," he added.
By Vladimir BasovFor Kitco News
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