{
  "id": 995698,
  "title": "Codelco Overhauls Its Leadership With Five New Vice Presidents and Four Division Chiefs",
  "url": "https://urgent.news/2026/08/15/codelco-overhauls-its-leadership-with-five-new-vice-presidents-and",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-15T08:32:43.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/chile-codelco-leadership-shakeup-vice-presidents-august-2026/"
  },
  "original_language": "en",
  "account": "Chile's state-owned copper mining giant, Codelco, has overhauled its leadership team with five new vice presidents and four division chiefs. This major reshuffle comes after a year of challenges, including a fatal accident, a bookkeeping scandal, and declining ore grades.\n\nJorge Gómez, the newly appointed CEO, has split the company's mines into two operating blocks: northern operations, overseen by Lindor Quiroga Bugueño, and the center-south block led by Francisco Carvajal Palacios, former head of iron miner CMP.\n\nThree additional vice presidents have been added to the team, responsible for mining resources, development and innovation, strategy and management control, and corporate affairs and sustainability. Many of these new leaders have come from within Codelco, with some hailing from the private mine Collahuasi, which Gómez previously managed.\n\nAmong the divisions receiving fresh leadership are El Teniente, Chuquicamata, Ventanas, and Ministro Hales. Most of these changes are set to take effect on September 1, 2026. The company is recovering from a production and reporting scandal, a deadly rock burst in 2025 at El Teniente, and years of declining ore grades.\n\nCodelco's CEO, Jorge Gómez, emphasizes the importance of a team of excellent industry professionals, stressing the need for steady performance and accurate financial reporting. The company now produces about 1.332 million tonnes of copper annually, down from the target of 1.7 million tonnes, due to falling ore grades.\n\nIn addition to its copper operations, Codelco has entered a lithium partnership with private miner SQM, securing lithium rights in the world's richest lithium salt flat until 2060. This new venture aims to diversify Codelco's income streams and strengthen its position in the growing electric vehicle market.",
  "summary": "Chile · Mining Key Facts What happened: On August 14, 2026, Codelco reshuffled its top ranks, naming five vice presidents and new managers at four mining divisions. New CEO: Jorge Gómez, former head of the Collahuasi mine, took over on July 13, 2026, replacing Rubén Alvarado. New chairman: Bernardo Fontaine, appointed by President José Antonio […] The post Codelco Overhauls Its Leadership With…",
  "key_points": [
    "Codelco restructures leadership with five new vice presidents and four division chiefs.",
    "CEO Jorge Gómez divides mines into northern and center-south operating blocks.",
    "Changes aimed at improving performance and financial reporting amid declining ore grades."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}