Regulated Information
24 June 2013
Today Nyrstar announced an organisational restructure creating three distinct business segments: Mining, Metals Processing and Marketing, Sourcing & Sales, ensuring that the organisational structure is better aligned with the Company's growing metals and mining business.
The restructure results in an increased management committee, from five to seven people. In addition to the Company's Chief Executive Officer, Roland Junck, the new management committee will comprise:
Heinz Eigner, Chief Financial Officer, will continue his financial stewardship of the company and will continue to be responsible for business systems, whilst also assuming responsibility for group procurement and business execution.
Michael Morley, Chief Corporate and Development Officer, will continue to be responsible for strategy, mergers and acquisitions, business integration, investor relations and communications, legal and company secretariat, whilst also assuming responsibility for the Port Pirie redevelopment and strategic business excellence.
Graham Buttenshaw, Senior Vice President, Mining, currently Group General Manager, Mining - Latin America, will assume responsibility for leading the Company's global mining operations. Mr. Buttenshaw has over 30 years' experience in the global mining industry working in countries such as Australia, Peru and Ghana in a number of senior roles with global mining houses such as BHP Billiton and global mining contractors such as Redpath.
Bob Katsiouleris, Senior Vice President, Marketing, Sourcing and Sales, currently Group General Manager, Commercial Operations, will lead the Company's raw materials strategy, marketing and sales of finished products and trading. Prior to joining Nyrstar in January 2013, Mr. Katsiouleris was the Chief Commercial Officer for Rio Tinto Minerals and brings more than 20 years of experience in industrial minerals and metals sales, marketing, operations, processing, finance and purchasing..
Russell Murphy, Chief Human Resources, Safety and Environment Officer, will continue lead the Company's human resources, safety and environment functions, whilst also assuming responsibility for the Company's quality assurance functions.
Mr Morley will also act as Senior Vice President, Metals Processing, assuming responsibility for the Company's global metals processing operations, on an interim basis, pending an appointment following a global recruitment program.
As a consequence of the restructure Greg McMillan, Chief Operating Officer, will leave the Company. He will remain in an advisory role to the management committee for the next three months to ensure an orderly transition to the new structure.
Roland Junck, Chief Executive Officer, said "Our business has grown significantly over the past five years from a pure smelting business with six operating sites to an integrated mining and metals business with fifteen operating sites and a global commercial function. We have now reached a point in the strategic journey of the company, where it is important for our continued growth, that we create direct lines of sight within the management committee for each of our three core value drivers: namely Mining, Metals Processing and Marketing, Sourcing & Sales.
On behalf of the Board and the management committee I take this opportunity to thank Greg McMillan for his tremendous contribution since the formation of Nyrstar. We wish him the very best for the future."
About Nyrstar
Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Nyrstar has mining, smelting, and other operations located in Europe, the Americas, China and Australia and employs over 7,000 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website, www.nyrstar.com
For further information contact:
Jaideep Thatai Manager Investor Relations T: +41 44 745 8103 M: +41 79 722 3089 jaideep.thatai@nyrstar.com
Sheela Pawar de Groot Group Manager Corporate Communications T: +41 44 745 8154 M: + +41 79 722 6917 sheela.pawar@nyrstar.com
Geert Lambrechts Manager Corporate Communications T: +32 14 449 646 M: +32 473 637 892 geert.lambrechts@nyrstar.com
The full press release can be downloaded from the following link: