HudBay Minerals Inc. reached an agreement with one of its largest shareholders that would see three of the investor’s nominees elected to the board and the company’s chairman, Alan Hibben, resign once a replacement is found.
Under the terms of the agreement with Waterton Global Resource Management, Peter Kukielski, David Smith and Daniel Muñiz Quintanilla will join the 11-member board, the Canadian miner said in a statement May 3.
“Hudbay is pleased to have reached an agreement with Waterton that is in the best interests of shareholders,” Hibben said in the statement. “We look forward to welcoming our new ...
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