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Ebrd 29 | LSE:BC00 | London | Medium Term Loan |
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RNS Number:2649S Inco Ld 1 March 2002 INCO LIMITED ANNOUNCES CHANGE IN CHIEF FINANCIAL OFFICER POSITION Toronto, February 27, 2002. Inco Limited announced today the appointment of Farokh S. Hakimi as Executive Vice-President and Chief Financial Officer. Mr. Hakimi replaces George C. Halatsis who has resigned as Executive Vice-President and Chief Financial Officer to assume a position with another firm. Mr. Hakimi joined Inco in January 2002 as a consultant focusing on strategic planning and related areas. He previously was Vice-President and Chief Financial Officer of Rio Algom Limited from January 2000 to July 2001. He also held a number of senior financial positions at Cyprus Amax Minerals Company between 1986 and 1999, including Vice-President and Treasurer. "We are fortunate to have someone with Farokh's background and experience as a chief financial officer in the global metals and mining business to assume the CFO role at Inco," said Scott Hand, Deputy Chairman and CEO. "Farokh has gained a good understanding of Inco and the transition should be seamless". "We appreciate the contributions George has made, including strengthening the company's financial position," said Mr. Hand. "We wish him our best in his new employment." Inco's financial management team will continue to include Ron Lehtovaara, who has served as Vice-President and Comptroller since 1996, Don Hurley, as Vice-President and Treasurer, a position he has held since 1998, and Gary Kaiway, as Vice-President, Tax, who joined the company in 2001. For further information: Investor Relations: Sandra Scott (416) 361-7758 Media Relations: Steve Mitchell (416) 361-7950 or: www.inco.com This information is provided by RNS The company news service from the London Stock Exchange
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