Directorate Change

RNS Number : 7565J

Hochschild Mining PLC

21 December 2015

 

21 December 2015
 

Hochschild appoints Independent Non-Executive Director
 

Hochschild Mining plc is pleased to announce the appointment of Michael Rawlinson as an Independent Non-Executive Director with effect from 1 January 2016. Mr Rawlinson is currently the Global Co-Head of Mining and Metals at Barclays investment bank.

Mr Rawlinson has been at Barclays since 2013 where he joined from the boutique investment bank, Liberum Capital, a business he helped found in 2007. After starting his career in the City of London at Flemings in 1991, he joined Cazenove in 1996 before leaving JP Morgan Cazenove in 2007.  He has been employed as both a corporate financier and research analyst covering the mining sector and has extensive capital markets experience having worked on the IPOs and follow-on offerings for a number of companies including Anglo American, Billiton, Xstrata, Glencore, Gem Diamonds as well as the Company's own IPO in 2006.  In addition, Mr Rawlinson served as a Non-Executive Director of Talvivaara Mining Company Plc between April 2012 and November 2013.

The appointment announced today has been made under the Company's Non-Executive succession plan in preparation for Sir Malcolm Field's retirement who has served on the Board since the Company's IPO in 2006. Once the appointment takes effect, the Company's Board will comprise nine Directors of which six are independent Non-Executive Directors.

Commenting on the appointment, Eduardo Hochschild, Chairman, said:

"We consider ourselves fortunate to announce the appointment of someone with Michael's in-depth knowledge of corporate finance and the mining sector in general. The appointment has been made in line with the Board's non-executive succession plan in advance of Sir Malcolm's retirement later next year."

Note

Other than as disclosed above, there are no other matters to be disclosed under Listing Rule 9.6.13R. ___________________________________________________________________________

Enquiries:

Hochschild Mining plc

Charles Gordon - Head of Investor Relations

Raj Bhasin - Company Secretary                                                            [phone]

Hudson Sandler

Charlie Jack                                                                                          [phone]

Public Relations

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About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

 

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