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BRIEF-Turquoise Hill Chief Executive Officer To Step Down

Published 05/03/2021, 12:16 am
Updated 05/03/2021, 12:18 am
© Reuters.
TRQ
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March 4 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

* TURQUOISE HILL ANNOUNCES MANAGEMENT CHANGE

* TURQUOISE HILL RESOURCES LTD - ULF QUELLMANN HAS RESIGNED AS COMPANY'S CHIEF EXECUTIVE OFFICER EFFECTIVE MARCH 3, 2021

* TURQUOISE HILL RESOURCES - BOARD, QUELLMANN AGREED IT WOULD NOT BE IN BEST INTERESTS OF COMPANY FOR QUELLMANN TO CONTINUE AS CEO

* TURQUOISE HILL - RIO TINTO'S VIEW WAS THAT NEW LEADERSHIP AT TURQUOISE HILL WAS NECESSARY TO ADVANCE WORK ON MATTERS OF MUTUAL INTEREST

* TURQUOISE HILL RESOURCES- RIO TINTO ADVISED IT WOULD NOT VOTE IN FAVOUR OF QUELLMANN'S ELECTION AS DIRECTOR AT CO'S UPCOMING ANNUAL, GENERAL MEETING

* TURQUOISE HILL RESOURCES LTD - BOARD, ON RECOMMENDATION OF SPECIAL COMMITTEE, HAS APPOINTED STEEVE THIBEAULT AS INTERIM CEO

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