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VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — TEC Resources Limited (TSX: TECK.A, NYSE: TECK) (“TECK”) today announced a new business structure to support its transformation into a growth-focused transition metals energy company.
“This new structure will ensure that Teck is best positioned to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our shareholders and all stakeholders,” said Jonathan Price, president and CEO of the company. “This change simplifies our business with a streamlined executive leadership team and regional structure to support our copper-focused growth strategy, while balancing shareholder returns and the long-term resilience of our business.”
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The new business structure organizes Teck around two regional business units:
- the north america The business unit, which includes the Highland Valley Copper, Red Dog and Trail operations, and the Galore Creek, Schaft Creek and New Range copper growth projects.
- the latin america (latin america) The business unit, which includes the Carmen de Andacollo and Quebrada Blanca operations, TEC’s stake in Antamina, and the copper growth projects in Zafranal, San Nicolas and Nueva Union.
The North America and Latin America business units will be supported by enterprise-level functions and a dedicated project group that will develop and execute existing and new projects.
In line with Teck’s new organizational structure, which will take effect from September 1, 2024, the Executive Leadership Team will report to: President and CEO
Jonathan Pryce It has been reshaped:
- Ian Anderson, He currently holds the position of Senior Vice President and Chief Commercial Officer, and has been appointed Executive Vice President (EVP)) and the commercial managerResponsible for driving margin through sales strategies, purchasing and execution.
- Shahzad Bharmalcurrently serving as Senior Vice President, Base Metals, has been appointed Executive Vice President & Chief Operating Officerresponsible for enhancing safety, operational excellence and asset optimization in TEC’s operations across regional business units in North America and Latin America.
- Jeff Hanmancurrently serving as Senior Vice President of Sustainability and External Affairs, has been appointed Executive Vice President and Chief Strategy Officerresponsible for developing and implementing the company’s strategy and transformation initiatives to establish TEC as a leading producer of transition metals for energy.
- Nick Hooper, He currently serves as Senior Vice President of Corporate Development and has been appointed Executive Vice President and Director of Corporate Developmentresponsible for the company’s development and value creation through portfolio optimization and intensive exploration activities undertaken by TEC.
- Carla Mills, He is currently appointed as Senior Vice President of Projects. Executive Vice President & Director of Project Developmentresponsible for accelerating growth by ensuring excellence in all aspects of execution of our portfolio of copper growth projects.
- Crystal Bristolcurrently serving as Senior Vice President and Chief Financial Officer, has been appointed Executive Vice President and Chief Financial Officerresponsible for the overall financial management of Tech including allocating capital to fund growth, maintaining a flexible balance sheet and returning cash to shareholders.
- Charlene Ripleycurrently serving as Senior Vice President and General Counsel, has been appointed Executive Vice President, Legal & Sustainability Officerresponsible for maintaining Teck’s leading sustainability performance, and supporting the business through our Legal, Risk and Compliance functions.
- Dean Winsorcurrently serving as Senior Vice President and Chief Human Resources Officer, has been appointed Executive Vice President and Chief Human Resources Officerresponsible for human resources, developing our world-class talent, and developing a diverse, respectful and inclusive workplace.
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“This executive leadership team brings an incredible breadth of experience to their portfolio and I look forward to working with them to unlock the full value of our outstanding transition metals portfolio and leading copper growth pipeline,” Price said.
Fraser Phillips, Senior Vice President of Investor Relations and Strategic Analysis, has announced his intention to retire in the first quarter of 2025. He will continue to lead Tech’s investor relations function in the interim.
More information about Teck’s leadership team is available at www.teck.com/about/leadership.
About Tech
TECK is a leading Canadian resource company focused on responsibly providing essential minerals for economic development and the energy transition. TECK has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We focus on creating value by driving responsible growth and ensuring resilience built on a foundation of stakeholder trust. TECK is headquartered in Vancouver, Canada, and is listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK. Learn more about TECK at www.teck.com Or follow @TeckResources.
Investor Contact:
philips freezer
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
Fraser Phillips@teck.com
Media Contact:
Dale Steves
Stakeholder Relations Manager
236.987.7405
dale.steeves@teck.com
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