Deals
Hudbay Investor Seeks to Replace CEO and Most of its Board
- Miner says attempt to seize board control is ’concerning’
- Board nominees include Peter Kukielski and Richard Nesbitt
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Hudbay Minerals Inc.’s second-largest investor is seeking to oust the Toronto miner’s chief executive officer and replace most of its board.
Waterton Global Resource Management will nominate eight new directors at Hudbay’s upcoming annual meeting with a slate that includes former mining executive Peter Kukielski and financial services industry veteran Richard Nesbitt, according to a letter to shareholders Wednesday.