Volcan is a company committed to the principles of Good Corporate Governance, permanently seeking to raise the professional level of each of its organizational units in order to improve the efficiency of its processes and the transparency of information shared with the Company’s stakeholders.
Volcan began mining operations as Volcan Mines in the heights of the Ticlio pass on January 26th, 1943. In 1975, the Company changed its name to Volcan Compañía Minera S.A. In 1998, after the merger with Empresa Minera Paragsha S.A., the Company’s name changed once again to Volcan Compañía Minera S.A.A.
The Company is engaged in the exploration, production, and processing of its own ore and ore from subsidiaries that carry out extraction, concentration, treatment, and commercialization of all products and concentrates.
Director and member of the Executive Committee since March 1996. Vice chairman of the Board of Directors, and chairman of the Board and the Executive Committee since April 2010. Mr. Picasso is also chairman of the Board of Reactivos Nacionales S.A., vice chairman of the Board of Compañía Minera Poderosa, and member of the following boards: Bodegas Vista Alegre and Cemento Polpaico S.A. He previously served as vice chairman of Embotelladora Latinoamericana S.A.A. (Coca-Cola) and member of the boards of Compañía Minera Atacocha S.A., EXSA S.A., Castrovirreyna Compañía Minera, Compañía Molinera del Perú, Compañía de Seguros La Fénix Peruana S.A., Bolsa de Valores de Lima, and Acción Comunitaria.
Member of the Board of Directors since 1993 and vice chairman of the Board since September 2014. He is a member of the Executive Committee. Mr. De Romaña worked in the sales division of Compañía de Minas Buenaventura from 1992 to 1999 and was the head of Volcan’s sales division from 2000 to 2010. He also served as member of the boards of Castrovirreyna Compañía Minera S.A. and Corporación Minera Castrovirreyna from 2002 to 2012. Mr. De Romaña holds a business administration degree from Universidad del Pacífico. He is the son of the director Irene Letts Colmenares de De Romaña.
Director since March 2012. A certified public accountant, Mr. Eskdale worked at Deloitte & Touche in London and Moscow and has been with Glencore since 1996. Mr. Eskdale holds a master’s degree from Oxford University and is a public accountant certified by the Institute of Chartered Accountants in England and Wales. He is in charge of worldwide zinc marketing for Glencore.
Director since March 2012. She has also served on the boards of Ferrocarril Central Andino S.A. and Ferrovías Central Andina S.A. since 2004, on the boards of Proyectos Médicos and Clínica Montesur since 2002, and the board of Nueva Ginecología y Vida S.A.C. at Jockey Salud since 2007. Mrs. Letts studied social work at Universidad Nacional Mayor de San Marcos and economics at Universidad de Lima. Mrs. Irene Letts Colmenares de De Romaña is the mother of vice chairman José Ignacio De Romaña.
He has served as co-director of the zinc, lead, and copper divisions at Glencore International since February 2000, overseeing marketing and industrial assets (including strategy and operations). Mr. Maté has worked at Glencore since 1988, starting at the office in Madrid and later obtaining experience in metals transactions and logistics in Spain and North Africa. After three years at Glencore’s Madrid office, he joined the zinc and lead department in Switzerland in August 1991. In February 2002, he transferred to the copper department, where he was responsible for zinc concentrate operations in Spain, North Africa, and South America. He was subsequently placed in charge of worldwide zinc marketing for Glencore. Mr. Maté is an economist and has a law degree from Universidad de Deusto in Spain.
Director since November 2017. Mr Perezagua is Co-Director of corporate finance and capital markets at Glencore. He is also Risk General Director at Glencore since 2009. Previously, he worked 11 years in investment banking at Morgan Stanley and Citigroup in the corporate financing and high-yield bonds in London and Madrid. Mr. Perezagua is an economist and graduate in law from the Universidad Pontificia de Comillas (ICADE) of Spain.
Director since November 2017. Before joining the Glencore Group in 2010, Mrs. Soyer worked for 7 years at Tyco International in the USA in different positions, the last of them being Director of Finance. She is also a director an Textil del Valle, Perubar and Transportadora Callao. Mrs. Soyer is a Business Administrator from Universidad del Pacífico and has an MBA from Thunderbird School of Management.
These committees are responsible for decision-making and management of the following economic, social, and environmental aspects. There ares two types of strategic committees: Board committees are made up of Company directors, while operational committees are comprised of Company executives.
The Executive Committee studies and resolves matters entrusted to it by the Board of Directors except for the rendering of accounts, awarding provisional dividend distributions, the presentation of financial statements to the anual obligatory General Meeting of Shareholders, and specific powers granted by the General Board to the Board of Directors in compliance with Article 38 of the statute.
The members are:
The Audit Committee supports the management of an adequate compliance with the Company’s standards of Corporate Governance. The committee monitors the Company’s compliance with the strategic management of corporate risks, therefore guaranteeing the existence of an adequate internal control system.
The members are:
The Human Resource Committee ensures that the Company maintains an organizational structure in accordance with the needs of the business, promoting meritocracy and encouraging the professional development of the Company’s executive staff.
The members are: