Mining
Friday, October 6th, 2023 3:07 am EDT
Key Points
- CEO Resignation: The CEO of Canada’s Lundin Mining, Peter Rockandel, has resigned from his position.
- Leadership Departures: This resignation is part of a trend of leadership departures that have occurred since the company moved its headquarters from Toronto to Vancouver in September. Several executives and managers have stepped down as a result of this move.
- Succession Plan: Jack Lundin, the president and former director of Lundin Mining, will replace Peter Rockandel as CEO effective January 1st. Peter Rockandel will continue to serve as an adviser to the company after leaving his CEO role. Rockandel’s decision to step down is partly attributed to his desire to return to Toronto, where his family resides, and to ensure continuity for the company over the next five years.
The Financial Post reports in its Wednesday, Oct. 4, edition that Canada’s Lundin Mining said chief executive officer Peter Rockandel has resigned and will be replaced by president and former director Jack Lundin. A Bloomberg dispatch to the Post reports that the announcement marks the latest in a wave of leadership departures since the Canadian mining company moved its headquarters from Toronto to Vancouver in September, prompting several executives and managers to step down. In a Monday press release, the company said Mr. Rockandel will leave his post at the end of the year and Mr. Lundin will assume the role Jan. 1. Mr. Rockandel will then continue to act as an adviser, Mr. Lundin said in the statement. Mr. Rockandel moved to Vancouver as part of the headquarters shift in September but said in a Monday interview he plans to return to Toronto, where his family resides. Mr. Rockandel said: “We wanted to ensure we got continuity over the next five years to carry out the next phase with the company. I was willing to commit to two or three years, but to commit to five would be a bit of a stretch. Family’s important to me.”
