CEO Changes

8 Jan 2008 07:00

Hochschild Mining PLC08 January 2008 Hochschild Mining plc (the "Group") appoints Mr Miguel Aramburuas Chief Executive Officer and Mr Ignacio Bustamante as Chief Operating Officer The Board of Directors of Hochschild Mining plc yesterday approved theappointment of Mr Miguel Aramburu as Chief Executive Officer (CEO) of the Group.Mr Aramburu, who previously served as Chief Operating Officer, takes up his newpost today, January 8, 2008. Prior to this appointment, the CEO responsibilitieswere exercised by Mr Eduardo Hochschild, Executive Chairman. Mr IgnacioBustamante, formerly General Manager of Peru, succeeds Mr Aramburu as ChiefOperating Officer. In his capacity as CEO, Mr Aramburu assumes responsibility for the day-to-dayoperations of the Group. As Executive Chairman, Eduardo Hochschild remainsresponsible for developing the Group's vision and long-term corporate strategyas well as leading the Board. Mr Aramburu joined the Hochschild Mining Group in 1995, when he was appointedGeneral Manager of Compania Minera Pativilca, a previous subsidiary of theGroup. He was appointed Chief Financial Officer of the Hochschild Mining Groupin 2002 and General Manager of the Mining Division in 2005. Most recently, MrAramburu served as Chief Operating Officer of the Group. Mr. Aramburu graduatedfrom the Pontificia Universidad Catolica del Peru in 1987 in IndustrialEngineering and holds an MBA from Stanford University. Mr Bustamante joined the Hochschild Mining Group in 1992. Prior to his currentposition, he worked for Zemex Corporation, a subsidiary of Cementos Pacasmayobased in Atlanta, Georgia, serving first as Chief Financial Officer and VicePresident of Business Development and later as its President. Mr Bustamanteholds a BSc in Business and a BSc in Accounting from Universidad del Pacifico inPeru and an MBA from Stanford University. Eduardo Hochschild, Executive Chairman of Hochschild Mining plc, commented "I am pleased to announce the appointments of Miguel Aramburu as Chief ExecutiveOfficer and Ignacio Bustamante as Chief Operating Officer of Hochschild Miningplc. These appointments represent a new stage in Hochschild's evolution as aLondon listed company committed to good corporate governance. The neworganisational structure enables us to manage more effectively our business on aday-to-day basis in the context of our long-term strategy of creating value forour shareholders." Enquiries:Hochschild Mining plcWray Barber +44 (0)20 7152 6014Head of Investor Relations FinsburyRobin Walker +44 (0)20 7251 3801Public Relations About Hochschild Mining plc Hochschild Mining plc (HOCM.L for Reuters / HOC LN for Bloomberg) is a leadingprecious metals company listed on the London Stock Exchange with a primary focuson the exploration, mining, processing and sale of silver and gold. Hochschildcurrently operates five underground epithermal vein mines, four located insouthern Peru and one in southern Argentina and one open pit mine in northernMexico. Hochschild also has one early stage development project in Mexico andfifteen long-term prospects throughout Latin America. Hochschild has over fortyyears experience in the mining of precious metal epithermal vein deposits. For further information please visit www.hochschildmining.com - ends This information is provided by RNS The company news service from the London Stock Exchange