Andrew Michelmore
Photo by: Reuters
PERTH (miningweekly.com) – Metals miner MMG has launched a succession process after CEO and executive director Andrew Michelmore announced his intention to retire during 2017.
The succession process will consider both internal and external candidates.
“The board and Michelmore have agreed it is important for him to stay on until mid-2017 to oversee the production ramp-up of Las Bambas and other key strategic initiatives.This will ensure continuity and an orderly succession process,” chairperson Jerry Jiao said.
As the chairperson of MMG and the nomination committee, Jiao will appropriately lead the succession process with the support of the board nomination committee. A rigorous assessment and comprehensive international search will be conducted.
“MMG is an incredible company that I remain very passionate about. I believe MMG has a strong future ahead of it,” Michelmore said on Tuesday.
“The time is now right for me to consider my retirement and give the board and management team sufficient time to ensure an orderly transition. After 14 years as CEO of four different companies it is time for me to seek new challenges after concluding my full time executive career.
“However, nothing changes today. I am as committed as ever to ensuring we continue the successful production ramp-up of Las Bambas and set our business up for future growth and success.”