Make Kitco Your Homepage

First Quantum taps COO Tristan Pascall as new CEO

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.