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MEI Online: People News: North America: May 1st 2002


Click for more info on Flotation '19


:: Falconbridge Board of Directors Appoints New President and CEO

Falconbridge Limited have announced that the Company's Board of Directors has appointed Mr. Derek Pannell as President and Chief Executive Officer to replace Mr. Oyvind Hushovd. Mr. Pannell is currently the President and Chief Operating Officer of Noranda Inc., the controlling shareholder of Falconbridge, a position he will continue to hold.

Mr. Pannell is a metallurgical engineer with over 30 years of experience in the mining and metals industry. He holds a B.Sc. from Imperial College in London, England. Most recently Mr. Pannell was responsible for the very successful completion of the Antamina mine, the US$2.3 billion copper mining development in Peru which started commercial production in October 2001, four months ahead of schedule and 3% under budget. Mr. Pannell first joined Noranda in 1969 and, over the years, has acquired in-depth, first-hand knowledge of Noranda's copper and zinc operations. His senior level management experience includes Senior Vice-President, Copper Group and President of Noranda Copper Smelting and Refining, as well as President of Brunswick Mining and Smelting.




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