Chief executive Peter Rockandel is stepping down at the end of the year, and will be succeeded by Jack Lundin.
at the end of the year, and will be succeeded by Jack Lundin, son of the company’s founder, in a move that put pressure on the company’s share price.
Mr. Rockandel said in an interview his departure was a “mutually agreed upon decision” with the board. While he was willing to stay on as CEO for a few more years, the move from Toronto to Vancouver had been difficult for him on a personal front because his family remained in Ontario. Mr. Rockandel said that any worries over a potential power struggle between the brothers are unwarranted because they are “fairly aligned in how they approach business.”
Lundin Mining produces copper, zinc, gold and nickel from operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States.
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