Teck Resources Unveils New Business and Leadership Structure

05 Sep, 2024

Teck Resources Unveils New Business and Leadership Structure

Canada’s Teck Resources has announced a major overhaul in its corporate structure, now focusing on two primary regional divisions: North America and Latin America. This reorganization is part of Teck’s strategic shift towards becoming a pure-play energy transition metals company.

The North America division will manage operations including the Highland Valley copper mine in British Columbia, the Red Dog zinc mine in Alaska, and the Trail zinc mine, also in British Columbia. Additionally, it will oversee development projects such as Galore Creek, Schaft Creek, and New Range, located in British Columbia and Minnesota.

Jonathan Price, President and CEO of Teck Resources, emphasized that this new structure aims to position the company to operate with greater efficiency and safety, while seizing profitable growth opportunities and enhancing shareholder value.

In line with this new structure, Teck has updated its leadership roles effective September 1. Ian Anderson, previously senior vice-president and chief commercial officer, has been promoted to executive vice-president and chief commercial officer. Anderson will focus on boosting profit margins through improved sales and procurement strategies.

Price highlighted that these changes will streamline the executive leadership team and support Teck’s strategy of growth in copper, while balancing shareholder returns and long-term business resiliency.