Teck Broadcasts New Construction to Assist Power Transition Metals Development

VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — Teck Sources Restricted (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) in the present day introduced a brand new enterprise construction to assist its shift to a pure-play vitality transition metals firm centered on progress.

“This new construction will guarantee Teck is optimally positioned to function safely, effectively and responsibly whereas capitalizing on worthwhile progress alternatives and enhancing worth for our shareholders and all stakeholders,” stated Jonathan Worth, President and CEO. “This alteration simplifies our enterprise with a streamlined govt management crew and regional construction to assist our technique centered on progress in copper, balanced with shareholder returns and the long-term resiliency of our enterprise.”

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The brand new enterprise construction organizes Teck round two regional enterprise items:

The North America enterprise unit, which incorporates Highland Valley Copper, Crimson Canine and Path operations, and the Galore Creek, Schaft Creek, and New Vary copper progress initiatives.
The Latin America (LATAM) enterprise unit, which incorporates Carmen de Andacollo and Quebrada Blanca operations, Teck’s curiosity in Antamina, and the Zafranal, San Nicolas, and NuevaUnión copper progress initiatives.

The North America and LATAM enterprise items can be supported by enterprise-wide capabilities and a devoted Initiatives group that may develop and execute brownfield and greenfield initiatives.

In alignment with Teck’s new organizational construction, efficient September 1, 2024, the manager management crew reporting to President and CEO
Jonathan Worth has been reshaped:

Ian Anderson, at present Senior Vice President (SVP) and Chief Business Officer, has been appointed Govt Vice President (EVP) and Chief Business Officer, accountable for margin enhancement by means of gross sales and procurement methods and execution.
Shehzad Bharmal, at present SVP, Base Metals, has been appointed EVP and Chief Working Officer, accountable for driving security, operational excellence and asset optimization at Teck’s operations throughout the North America and LATAM regional enterprise items.
Jeff Hanman, at present SVP, Sustainability and Exterior Affairs, has been appointed EVP and Chief Technique Officer, accountable for growing and activating company technique and transformation initiatives to place Teck as a number one producer of vitality transition metals.
Nic Hooper, at present SVP Company Improvement, has been appointed EVP and Chief Company Improvement Officer, accountable for company growth and worth creation by means of portfolio optimization and Teck’s in depth exploration actions.
Karla Mills, at present SVP, Initiatives, has been appointed EVP and Chief Mission Improvement Officer, accountable for accelerating progress by guaranteeing excellence in all facets of the supply of our portfolio of copper progress initiatives.
Crystal Prystai, at present SVP and Chief Monetary Officer, has been appointed EVP and Chief Monetary Officer, accountable for general monetary administration at Teck together with the allocation of capital to fund progress, preserve a resilient steadiness sheet, and return money to shareholders.
Charlene Ripley, at present SVP and Normal Counsel, has been appointed EVP and Chief Authorized and Sustainability Officer, accountable for sustaining Teck’s main sustainability efficiency, and supporting the enterprise by means of our authorized, danger and compliance capabilities.
Dean Winsor, at present SVP and Chief Human Sources Officer, has been appointed EVP and Chief Folks Officer, accountable for human sources, growth of our world-class expertise, and the development of a various, respectful and inclusive office.

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“This govt management crew carry to their portfolio an unimaginable breadth of expertise and I sit up for working with them to unlock the complete worth of our premium vitality transition metals portfolio and main copper progress pipeline,” stated Worth.

Fraser Phillips, Senior Vice President, Investor Relations and Strategic Evaluation, has introduced his deliberate retirement within the first quarter of 2025. He’ll proceed to steer Teck’s investor relations perform within the interim.

Extra info Teck’s management crew is offered at www.teck.com/about/management.

About Teck
Teck is a number one Canadian useful resource firm centered on responsibly offering metals important to financial growth and the vitality transition. Teck has a portfolio of world-class copper and zinc operations throughout North and South America and an industry-leading copper progress pipeline. We’re centered on creating worth by advancing accountable progress and guaranteeing resilience constructed on a basis of stakeholder belief. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Inventory Change underneath the symbols TECK.A and TECK.B and the New York Inventory Change underneath the image TECK. Study extra about Teck at www.teck.com or observe @TeckResources.

Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Evaluation
604.699.4621
fraser.phillips@teck.com

Media Contact:
Dale Steeves
Director, Stakeholder Relations
236.987.7405
dale.steeves@teck.com