Fresnillo Shifts Leadership

Jaime Lomelin plans to retire from his position as CEO of Mexican mining company Fresnillo, after 41 years with Penoles and Fresnillo. Octavio Alvidrez, general manager of Penoles’ Madero mine, has been appointed to take his place, effective August 15. Alvidrez came to Penoles in August 1998 and has worked within Penoles and Fresnillo as treasurer, head of investor relations in London and head of procurement. Lomelin, who was CEO of Penoles for 26 years until becoming CEO of Fresnillo in 2008, stays on as a non-executive director with Fresnillo’s board.