Alta said Tuesday that Joanne Freeze retired from her role as president and CEO. Following Alta's annual shareholders meeting last month, Freeze and fellow board directors Miguel Inchaustegui, Steven Latimer and Sean Waller offered to step down after each had a greater number of investor votes withheld than in support of them.
British Columbia-based Alta said that following that meeting, and after discussions with Australia's Fortescue, it was mutually agreed the company's seven member board be reconstituted with five directors including Bonifacio and Fortescue nominees Andrew Hamilton and Christine Nicolau, who each remain on the board with Latimer. Robert McDonald, a Cambridge-educated economist and Peru native, has been appointed to the board as an independent director.
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