Lundin Mining CEO Steps Downadmin
Lundin Mining Corp. said Thursday that Colin Benner is stepping aside as chief executive officer but will remain with the company as vice chairman.
President and chief operating officer Karl-Axel Waplan will take the CEO title, while Joao Carrelo, currently in charge of operations in Portugal, becomes COO.
“Mr. Benner’s proposal and decision to step down as CEO was primarily to facilitate the company’s chief executives to be headquartered together at the company’s main operational office in Stockholm,” said chairman and founder Lukas Lundin.
“While we support his decision, we have asked that he stay on the board and as vice chairman to assist in taking the company to the next level as a senior global mining house.”
Benner noted that Lundin Mining has zinc projects under way in Portugal and Russia, along with operating mines in Portugal, Sweden and Ireland, “and it is important, from a practical point of view, that senior management work in close proximity on a daily basis with each other, to the operations and projects, and importantly to our employees.”