Hochschild Mining announces Dionisio Paoletti to its Board as Non-Executive Director

– UK, London – Hochschild Mining plc (LSE:HOC), announces that Dionisio Romero Paoletti, Chairman & CEO of the banking group Credicorp, will join the Company’s Board as a Non-Executive Director from 1 January 2018.

Mr Romero has been appointed as a nominee of the Company’s majority shareholder Pelham Investment Corporation which is controlled by Eduardo Hochschild, pursuant to the rights granted to Pelham under the Relationship Agreement.

The Company also confirms that with effect from 1 January 2018:

  • Michael Rawlinson will assume the roles of Senior Independent Director and Chairman of the Remuneration Committee to succeed Enrico Bombieri following his retirement from the Board;
  • Eileen Kamerick will become a member of the Remuneration Committee; and
  • Graham Birch, Eileen Kamerick, Michael Rawlinson and Dionisio Romero will join the Nominations Committee.

Eduardo Hochschild, Chairman said: “I am delighted to be able to welcome Dionisio to the Hochschild Board. He brings vast business experience from diverse industries throughout Latin America and I look forward to his participation. I am also pleased to be able to confirm Michael Rawlinson’s appointment to the role of Senior Independent Director following Enrico Bombieri’s decision to retire from the Board at the end of the year.”

From 1 January 2018, the Board will comprise eight directors of whom five will be independent Non-Executive Directors.

Dionisio Romero (Jnr) is Chairman & CEO of Credicorp and its subsidiary, Banco de Crédito del Peru (“BCP”), Peru’s largest bank. Mr. Romero has served as a board member of BCP since 2003 and was appointed Vice Chairman in 2008 and Chairman in 2009.

Mr Romero is also the Chairman of a number of Credicorp group companies, namely Banco de Crédito de Bolivia, El Pacifico-Peruano Suiza Cia. de Seguros y Reaseguros S.A., El Pacifico Vida Cia. de Seguros y Reaseguros S.A. In addition, Mr Romero is Chairman of Alicorp S.A.A. and a Director of a number of companies including the following publicly listed companies: Inversiones Centenario (where he serves as Vice-Chairman), Cementos Pacasmayo S.A.A and Sierra Metals Inc.

Mr. Romero is an economics graduate of Brown University and has an MBA from Stanford University.

About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years’ experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

For more information : http://www.hochschildmining.com/en

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