Mining giant Teck Resources charts new CEO succession plan
Teck Resources, a diversified mining company, has kick-started its leadership succession plan by announcing that Don Lindsay would be resigning from his position of President and CEO. Succeeding him is Jonathan Price as the CEO and Harry ‘Red’ Conger as President and COO of the company.
The step down culminates an end to 17 years of outstanding services by Lindsay. The resignation would be effective from September 30th, 2022, although Lindsay would still remain on board as the Executive Vice-Charman till 2nd quarter of 2023.
Sheila Murray, Chair of Teck’s Board of Directors said, “ On behalf of the Board, I want to thank Don Lindsay for his strong leadership, culminating with four consecutive record-setting quarters. Don has transformed Teck and today the company is well positioned for continued growth and value generation due to the strategy and solid foundation he has built, and the experienced and skilled leadership team he has put in place. Don’s commitment to health and safety and sustainability, and his passion for the value that responsible resource development can deliver to the world are deeply ingrained in Teck’s culture, and he leaves an enduring legacy at all levels of the company.”
Commenting on Price and Conger, Murray added, “Don and the Board have been focused on succession for a number of years. We are delighted to have been able to recruit Jonathan and Red [Conger] in 2020 and, under Don’s leadership, position them for successful advancement into these roles. Jonathan is an internationally recognised leader in the mining sector and brings the right background, skills and experience to the role of CEO to further advance Teck’s balanced growth strategy.”
Price has a proven track record of over 20 years of experience in mining, capital markets, business development and finance. Before joining Teck in 2020 as EVP and CFO, he also worked at BHP for 14 years in a variety of senior roles including Chief Transformation Officer, Vice President Finance and Vice President Investor Relations working in Asia, Australia, and the U.K. He also counts ABN AMRO Bank and former Canadian mining company INCO as his previous employers.
Conger has been Teck’s Executive Vice President and COO since September 2020. Prior to joining Teck, he held the role of President and COO – Americas with Freeport-McMoRan and brings a strong background in operations leadership, financial performance and delivering large-scale projects throughout the Americas.
Post Price’s elevation, Crystal Prystai would be serving as interim Chief Financial Officer along with the role of Vice President and Corporate Controller.