The Nominations Committee has recommended to the Board, and the Board has agreed, that Ms Bárbara Garza Lagüera and Mr Jaime Serra Puche be proposed for election as independent non-executive directors at the 2014 AGM, with their appointments to take effect from the conclusion of the AGM.
Bárbara Garza Lagüera is the President of the Acquisitions Committee of FEMSA Proyectos Culturales. She is a director of the following publicly listed companies: Coca-Cola FEMSA (KOF) and Fomento Económico Mexicano (FEMSA), the largest franchise bottler of Coca-Cola products in the world. She also serves as a director of Grupo Financiero BBVA Bancomer, Soluciones Financieras (SOLFI), and also on the boards of the not-for-profit organizations Patronato Museo Franz Mayer, Supervisory Commission of the Fondo Nacional para la Cultura y las Artes (FONCA), among others. Bárbara earned a bachelor’s degree in business and an MBA degree from the Instituto Tecnológico de Estudios Superiores de Monterrey.
Mr. Serra Puche worked in the Mexican government where he served as Undersecretary of Finance, Secretary of Trade and Industry and Secretary of Finance. As Secretary of Trade and Industry he led the negotiation and implementation of NAFTA. Mr. Serra is a director of the following publicly listed companies: The Mexico Fund, Tenaris, Vitro and Alpek. His not-for profit boards included the Corporation of Yale University, where he currently co-chairs The President’s Council on International Activities. Mr Serra earned his Master’s in Economics fromEl Colegio de Mexico and a Ph.D. in Economics from Yale University.
It is proposed that Ms Garza Lagüera be appointed to the Nominations Committee, in place of Mr Fernández, and that Mr Serra Puche be appointed as a member of the Audit Committee, in place of Mr Solana, once their appointments to the Board take effect. It is also proposed that Ms Maria Asunción Aramburuzabala be appointed as a member of the Health, Safety, Environment and Community Relations Committee, in place of Mr Fernández, with effect from the date of the AGM.
Fresnillo plc Chairman Alberto Baillères said: “I should like to take this opportunity to thank Mr Solana and Mr Fernández for their significant contribution to the Board and to the Committees on which they have served in recent years. Their wisdom and support has been invaluable. The significant experience of Ms Garza Lagüera and Mr Serra Puche will greatly support the Company and the Board”.
About Fresnillo plc
Fresnillo plc is the world’s largest primary silver producer and Mexico’s second largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.
Fresnillo plc has six operating mines, all of them in Mexico – Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad and Noche Buena; three development projects – a dynamic leaching plant to treat high grade gold ore from the Herradura and Soledad mines; San Julián and Saucito II and four advanced exploration prospects – Centauro Deep, Juanicipio, Orisyvo and Las Casas Rosario as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2.1 million hectares in Mexico.
Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for both silver and gold.
Fresnillo plc’s goal is to maintain the group’s position as the world’s largest primary silver company, producing 65 million ounces of silver and 500,000 ounces of gold by 2018.
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