Chilean state mining giant Codelco's incoming chief executive Ruben Alvarado has a mammoth task ahead of him: boosting copper output from its lowest level in 25 years, reining in ballooning costs, and spearheading a state push into battery metal lithium. Alvarado, 64, will start as CEO on September 1 after a search to replace the outgoing Andre Sougarret, who abruptly announced in June he would step down, citing personal reasons and 'complexities' running the world's largest copper producer. Alvarado, a chemical engineer, joined Codelco as a graduate in 1984, but for the last two decades has been managing firms outside mining, including state-owned Santiago subway operator Metro. Those who know him talked up his technical expertise and ability to spot problems others had missed.
SANTIAGO - Chilean state mining giant Codelco's incoming chief executive Ruben Alvarado has a mammoth task ahead of him: boosting copper output from its lowest level in 25 years, reining in ballooning costs, and spearheading a state push into battery metal lithium.Sougarret
"He has an unusual profile as he is technically very good ... but also has a special sensitivity to detect issues most executives don't see," said Louis de Grange, former president of Metro, who worked with Alvarado when he was the general manager there from 2014 to 2022. Codelco has also recently been tasked with leading Chile's new public-private model to develop battery metal lithium. The country is the world's no. 1 copper and no. 2 lithium producer.Alvarado will need to work closely with Codelco's powerful chairman Maximo Pacheco, who plays an important mediation role between the company and the government. Pacheco welcomed Alvarado "back home" in a statement.
Alvarado started at Codelco in the foundry division and worked up to be general manager from 2000-2004 at El Teniente, Codelco's biggest mine. Codelco credits him for "reversing" an expected drop in output during his time there.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Un gol de Roberto Alvarado mantiene al Guadalajara en la cima del torneo Apertura mexicanoUn gol del creativo Roberto Alvarado, el primero en el torneo Apertura mexicano, ha dado a las Chivas de Guadalajara el triunfo por 1-0 sobre los Xolos de Tijuana y le garantizaron su permanencia en el liderato con 13 puntos de 15 posibles.
Baca lebih lajut »
NatWest CEO who resigned to make at least $3 millionThe chief executive of NatWest who resigned after leaking misleading information about Nigel Farage will make at least £2.4 million ($3 million), a filing...
Baca lebih lajut »
Mercedes-AMG C 63 and E 63 won't get another V8, CEO confirmsThe rumors claiming Mercedes-AMG will again put a twin-turbocharged V8 in the C 63 and E 63 aren't accurate, the company confirmed.
Baca lebih lajut »
An Interview With Ford CEO Jim Farley Shows The Company Is Thinking Right About EVsIn a recent interview with The Kilowatts, Ford CEO Jim Farley explained Ford's approach to future EV customers, especially those who aren't early adopters.
Baca lebih lajut »
Mercedes-AMG CEO Shuts Down Rumors About The V8 Returning In The C63 And E63Mercedes-AMG CEO Michael Schiebe says they will not return to V8s anytime soon
Baca lebih lajut »