Lindsay\u0027s retirement was \u0022unexpected,\u0022 one analyst said. He will be replaced by CFO Jonathan Price. Find out more here.
During Lindsay’s tenure, Teck delivered “record financial and operational results and returned significant capital to shareholders,” the Vancouver-based company. Under Lindsay, who was appointed CEO in 2005, the diversified miner also built a strong copper pipeline and marked the start of its ambition to rebalance its portfolio towards metals as opposed to coal and oilsands operations.
“I am extremely proud of what has been achieved during my tenure,” Lindsay, who will retire on September 30, said in the press release. “Together we have built Teck into an industry leader in sustainable resource development, with world-class operations, and an unmatched copper growth profile.”Article content
Jonathan Price, currently the company’s CFO, will ascend to CEO, while Harry Conger, Teck’s executive vice-president and COO, will inherit Lindsay’s duties as president. The executives said they aim to continue Teck’s strategy of boosting its copper resources and other essential metals in the coming years.Teck, which hopes to achieve its net-zero scope 2 emissions by 2025, currently runs at least four steelmaking coal operations in British Columbia and holds a 21.
Bank of Montreal analyst Jackie Przybylowski, who follows Teck, described Lindsay’s retirement as “unexpected,” but “not a surprise in the greater context.”
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