First Quantum Minerals announces COO Tristan Pascall as next CEO

– CANADA, Vancouver –  First Quantum Minerals Ltd. (TSX: FM) today announced the appointment of current COO Tristan Pascall as CEO, effective at the AGM in May 2022, to succeed Philip Pascall, who will retire from the CEO role but will continue as Chairman of the Board of Directors.

“We are very pleased to appoint Tristan Pascall as First Quantum’s next CEO. Tristan has demonstrated impressive leadership in his current role as COO as he navigated the successful ramp-up of our largest asset through the challenging environment presented by the global pandemic. Tristan’s previous hands-on leadership experience of eight years in Zambia and four years in Panama has given him a deep knowledge of our assets, operating teams and local partners. His practical, on-the-ground experience with our people and projects, combined with lessons learned from the countries where we operate, embodies the Company’s culture and makes Tristan the right leader for First Quantum,” said Lead Independent Director, Robert Harding.

He added: “We believe Tristan’s combination of operational, strategic, and capital markets experience, as well as the strong stakeholder relationships he has developed, are fundamental to the continuity of our unique core capabilities, namely industry-leading project execution, and operational excellence.”

About Tristan Pascall

Tristan Pascall joined First Quantum in 2007 and held progressively senior operational roles in Africa and Latin America until 2020 when he served as Director of Strategy and later became COO in January 2021. Before assuming his executive leadership roles, Tristan was a key member of the teams that delivered on several major greenfield and expansion mining projects which now collectively represent most of the Company’s net asset value. His responsibilities from 2009 to 2015 included the initial development, construction and operating the Sentinel mine in Zambia. Starting in 2015, Tristan led the development of the Cobre Panama mine, now the Company’s largest copper mine with the world’s largest single-throughput copper concentrator plant, and built the operations team which now stands at more than 5,000 people. Before joining First Quantum, Tristan spent eight years in corporate finance and investment banking with a focus on resources and heavy industry in Australia, Europe, and Asia.

“I am very excited to continue to build upon the momentum we have established at First Quantum. It is deeply humbling to be selected to lead such a highly talented team, all of whom have contributed to establishing a unique entrepreneurial culture,” commented Tristan Pascall. “As we enter our next stage of growth, I look forward to building on First Quantum’s accomplishments of the past two decades.”

Tristan graduated from the University of Western Australia with a Bachelor of Engineering (Honors) and Bachelor of Commerce and completed an MBA at INSEAD.

About Philip Pascall

Philip Pascall co-founded First Quantum Minerals in 1996 and has served as its CEO and Chairman ever since. He retires as one of the longest-serving CEOs among the world’s major mining companies. Over the course of his stewardship, the Company has grown from the construction of the Bwana Mkubwa project in Zambia designed for 10,000 tonnes a year of copper production, to become the world’s sixth largest copper producer. First Quantum has operations on five continents, employing more than 20,000 people and producing over 800,000 tonnes of copper annually.

For more information :

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.

Talent4Boards Team