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Message: Palmiere CEO resigned. Colin K. Benner INTERIM CEO

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Palmiere CEO resigned. Colin K. Benner INTERIM CEO

posted on Mar 10, 09 07:40AM

HudBay Minerals appoints Benner as interim CEO

2009-03-10 09:57 EST - News Release

Mr. Norm Anderson reports

HUDBAY MINERALS ANNOUNCES RESIGNATION OF CEO AND APPOINTMENT OF INTERIM CEO

HudBay Minerals Inc.'s Allen J. Palmiere has resigned as chief executive officer and as a director of the company, effective March 9, 2009.

"The board of directors thanks Allen for his service to HudBay, first as chairman, then as chief executive officer and director," said M. Norm Anderson, HudBay's chairman. "We wish him well in his future endeavours."

Colin K. Benner, PEng, a director of the company, has been appointed to the position of interim chief executive officer of HudBay, effective immediately. Mr. Benner is well-known in the industry and has been chief executive officer for a number of mining companies.

"HudBay has unique opportunities with its cash reserves and a strong balance sheet," said Mr. Benner. "The board of directors and I are committed to realizing HudBay's potential and maximizing value for all shareholders. I look forward to leading the company as interim CEO and overseeing the search for Mr. Palmiere's successor."

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