VANCOUVER, BC, March 28, 2022 /CNW/ - Wheaton Precious Metals™
Corp. ("Wheaton" or the "Company") announces that Mr. Doug Holtby intends to retire as both Chair and
Non-Executive Director of the Board upon the completion of his term
at the upcoming 2022 annual general and special meeting of
shareholders scheduled for May 13,
2022 (the "AGM"). Mr. Holtby has been a director since 2006
and the Chair of Wheaton since 2009.
"On behalf of the Board and the management team at Wheaton, I
would like to thank Doug for his dedication and guidance over the
last 16 years," said Randy
Smallwood, President and Chief Executive Officer of Wheaton
Precious Metals. "Under his leadership, Wheaton grew from a small,
niche player in the silver industry to one of the largest and most
profitable precious metals companies in the world. As Board Chair,
his leadership kept us focussed on always improving the streaming
model and moving forward in all aspects of the business."
"Doug leaves an amazing legacy at Wheaton. During his tenure,
Wheaton underwent transformational growth and has positioned itself
as both a leader and innovator in the precious metals and mining
sector. I am honoured to succeed Mr. Holtby and look forward to
working with the Board and management in continuing to deliver
exceptional results to all of Wheaton's stakeholders," said
George Brack, Chair Designate of
Wheaton.
George
Brack – Chair Designate
The board intends to appoint Mr. George
Brack as the Non-Executive Chair of the Board to be
effective on the retirement of Mr. Holtby. Mr. Brack has been a
director of Wheaton since 2009, and most recently served as the
Chair of the Governance and Sustainability Committee. Mr. Brack's
35-year career in the mining industry focused on exploration,
corporate development and investment banking, specifically
identifying, evaluating and executing strategic mergers and
acquisitions, and raising equity capital. Until 2009, he was
Managing Director and Industry Head, Mining at Scotia Capital, and
served as the Chair of the Board for Capstone Mining Corp. from
2011 to 2022 (where he is currently Lead Independent
Director).
Jaimie
Donovan – Nominee Director
A new director has been proposed for election to the Board every
other year since 2016, reflective of the Board's commitment to
Board renewal. Consistent with this approach, Ms. Jaimie Donovan is being proposed for election to
the Board at the AGM. Ms. Donovan has over 20 years of mining
industry experience, spanning roles in operations, technical
services, capital allocation and corporate development. She
was the Head of Growth and Evaluations for Barrick Gold in North
America until March 2019. Ms.
Donovan has significant technical and operations experience working
at mines in Australia and
Canada for Barrick, Goldfields and
Western Mining. Ms. Donovan holds Bachelor degrees in Mining
Engineering (B.Eng. Honours) and Commerce (B.Com. Finance) from the
University of Western
Australia.
CAUTIONARY NOTE REGARDING FORWARD
LOOKING-STATEMENTS
This press release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities legislation concerning
the business, operations and financial performance of Wheaton.
Forward-looking statements, which are all statements other than
statements of historical fact, include, but are not limited to,
statements with respect to the AGM. Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Wheaton to be materially different from those
expressed or implied by such forward-looking statements including
risks discussed in the section entitled "Description of the
Business – Risk Factors" in Wheaton's Annual Information Form
available on SEDAR at www.sedar.com and Wheaton's Form 40-F for the
year ended December 31, 2020 on file
with the U.S. Securities and Exchange Commission on EDGAR and
Wheaton's management's discussion and analysis for the year ended
December 31, 2021 available on SEDAR
and on Form 6-K on file with the U.S. Securities and Exchange
Commission on EDGAR. Forward-looking statements are based on
assumptions management currently believes to be reasonable,
including (without limitation) that there will be no material
adverse change in the market price of commodities, that the mining
operations from which Wheaton purchases precious metals will
continue to operate, that each party will satisfy their obligations
in accordance with the precious metals purchase agreements, that
neither Wheaton nor the Mining Operations will suffer significant
impacts as a result of an epidemic (including the COVID-19 virus
pandemic) and that Wheaton's application of the CRA
Settlement for years subsequent to 2010 is accurate (including the
Company's assessment that there will be no material change in the
Company's facts or change in law or jurisprudence for years
subsequent to 2010).
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SOURCE Wheaton Precious Metals Corp.