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VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced a new business structure to support its transition to a growth-oriented, full-fledged energy transition metals company.
“This new structure will optimally position Teck to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our shareholders and all stakeholders,” said Jonathan Price, President and CEO. “This change simplifies our business with a streamlined management team and regional structure to support our strategy of focused copper growth, balanced with shareholder returns and the long-term resilience of our business.”
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The new business structure organizes Teck around two regional business units:
- THE North America business unit, which includes the Highland Valley Copper, Red Dog and Trail operations, as well as the Galore Creek, Schaft Creek and New Range copper growth projects.
- THE Latin America (Latin America) which includes the Carmen de Andacollo and Quebrada Blanca operations, Teck’s stake in Antamina and the Zafranal, San Nicolas and NuevaUnión copper growth projects.
The North America and Latin America business units will be supported by enterprise-wide functions and a dedicated projects group that will develop and execute brownfield and greenfield projects.
Under Teck’s new organizational structure, effective September 1, 2024, the executive management team reporting to President and CEO
Jonathan Price has been remodeled:
- Ian Anderson, currently Senior Vice President (SVP) and Chief Commercial Officer, has been appointed Executive Vice President (EVP)) and sales directorresponsible for improving margins through sales and sourcing strategies and their execution.
- Shehzad Bharmalcurrently Senior Vice President, Base Metals, has been appointed Executive Vice President and Chief Operating Officerresponsible for road safety, operational excellence and asset optimization across Teck’s operations in the North America and Latin America regional business units.
- Jeff Hanmancurrently Senior Vice President, Sustainable Development and External Affairs, has been appointed Executive Vice President and Chief Strategy Officerresponsible for developing and activating corporate strategy and transformation initiatives to position Teck as a leading producer of energy transition metals.
- Nic Hooper, currently SVP Corporate Development, has been appointed Executive Vice President and Chief Corporate Development Officerresponsible for business development and value creation through portfolio optimization and Teck’s extensive exploration activities.
- Karla Mills, currently Senior Vice President, Projects, has been appointed Executive Vice President and Director of Project Developmentresponsible for accelerating growth by ensuring excellence in all aspects of the delivery of our copper growth project portfolio.
- Crystal Prystaicurrently senior vice president and chief financial officer, has been appointed Executive Vice President and Chief Financial Officerresponsible for Teck’s overall financial management, including allocating capital to fund growth, maintain a resilient balance sheet and return cash to shareholders.
- Charlene Ripleycurrently Senior Vice President and General Counsel, has been appointed Executive Vice President and Chief Legal and Sustainability Officerresponsible for maintaining Teck’s industry-leading sustainability performance and supporting the business through our legal, risk and compliance functions.
- Dean Winsorcurrently Senior Vice President and Chief Human Resources Officer, has been appointed Executive Vice President and Chief Human Resources Officerresponsible for human resources, developing our world-class talent and advancing a diverse, respectful and inclusive workplace.
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“This management team brings incredible experience to the portfolio and I look forward to working with them to fully unlock the value of our premier energy transition metals portfolio and our leading copper growth pipeline,” Price said.
Fraser Phillips, Senior Vice President, Investor Relations and Strategic Analysis, announced his planned retirement in the first quarter of 2025. He will continue to lead Teck’s investor relations function in the interim.
For further information, Teck’s management team is available at: www.teck.com/about/leadership.
About Teck
Teck is a leading Canadian resource company focused on the responsible supply of metals critical to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations in North and South America and an industry-leading copper growth pipeline. We are focused on creating value through responsible growth and ensuring resilience built on stakeholder trust. Headquartered in Vancouver, Canada, Teck trades on the Toronto Stock Exchange under the ticker symbols TECK.A and TECK.B and on the New York Stock Exchange under the ticker symbol TECK. For more information about Teck, visit: www.teck.com or follow @TeckResources.
Investor contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com
Media contact:
Dale Steeves
Director, Stakeholder Relations
236.987.7405
dale.steeves@teck.com
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