MINEROS: CB - MSA: TSX Bandera de Chile Bandera de Colombia Bandera de Nicaragua
es-ESen-US
Investors

Board of Directors

Board of Directors

The Board of Directors is integrated by nine members.

Miembro del Equipo 1
EDUARDO PACHECO CORTÉS Chairman

(Independent member)


Chairman of the Board of Directors
Mr. Pacheco is the former CEO of Mercantil Colpatria S.A., position he held until 2023
He is an economist and holds a bachelor degree from the Universidad de los Andes, with more than 30 years of experience leading companies in the financial sector. Additionally, he holds an MBA from New York University. Prior to Mercantil Colpatria S.A., he led Corporación Popular de Ahorro y Vivienda (CORPAVI), the financial institution and a predecessor to Scotiabank Colpatria S.A., Instituto Nacional de Vivienda de Interés Social y Reforma Urbana (INURBE), formerly a part of the Colombian Ministry of Housing, and was Executive Vice President at Capitalizadora Colpatria (now AXA Colpatria Capitalizadora S.A.), a Colombian insurance company.
Miembro del Equipo 1
DIETER W. JENTSCH

(Independent member)


Mr. Jentsch is a former senior executive at the Bank of Nova Scotia, with a 35- year career in Corporate Banking, Capital Markets, and Commercial and Retail Banking in both Canadian and international markets including Latin America. He was most recently Group Head, Global Banking and Markets from 2016 until his retirement in 2018. He presently serves as a director on various public and non-public boards including Jim Pattison Group Inc., Canfor Corporation, Canfor Pulp Products Inc. and the Vineland Research & Innovation Centre.
Mr. Jentsch holds a Bachelor of Science (Agriculture) and an MBA both from the University of British Columbia and a diploma in Advanced Management from the INSEAD (European Institute of Business). Mr. Jentsch also holds a diploma from the Directors Education Program of the Institute of Corporate Directors at the Rotman School of Business, University of Toronto.
Miembro del Equipo 1
JOSÉ FERNANDO LLANO ESCANDÓN

(Independent member)


Mr. Llano is currently Chief Executive Officer of Mercantil Colpatria S.A., a position that he has held since 2022. Mr. Llano holds a degree in Business Administration from INALDE School of Business (Universidad de la Sabana), with extensive experience in financial services, private equity and risk management and controls. Additionally, he studied Law and Socioeconomics at Pontificia Universidad Javeriana.
He previously served as President of Private and Infrastructure from 2010 to 2022 and as Vice President of Planning and Controls of Mercantil Colpatria S.A., leading the strategic planning for Grupo Colpatria’s banking, insurance and construction business units. Additionally, he has more than 10 years of experience as Vice President of Sales in the banking and pension and severance sector.
Miembro del Equipo 1
NICOLÁS DURÁN

(Independent member)



Mr. Durán is the CFO of Mercantil Colpatria S.A.
Mr. Durán has more than 25 years of experience in different companies in Latin America, New York and Singapore. He was Executive Director and CFO of Intertug Investment Holding, a company in which Grupo Colpatria has a minority stake. He was associated with Standard Chartered Bank in Singapore, London, New York and Colombia for more than 10 years, occupying different positions in the financial area, integration of acquisitions and portfolio management as CFO.
He is a member of Colpatria’s Steering Committee and additionally is or has been a member of various boards of directors including Scotiabank Colpatria, Scotiabank Securities, AXA Colpatria, Mineros S.A. and Constructora Colpatria, among others, and was a member of the Colfondos Investment Committee.
Miembro del Equipo 1
JUAN CARLOS PÁEZ AYALA

(Independent member)


Mr. Páez is the former Executive Vice President and a director of Corporación Financiera Colombiana S.A. (Corficolombiana S.A.), a position he held since 2012 until November 2023.
Mr. Páez holds a Bachelor of Science (Civil Engineering) from Universidad de los Andes (Colombia) and has over 27 years of experience in the financial sector. He also holds a post-graduate degree in Finance and an MBA from Universidad de los Andes (Colombia).
Prior to being an Executive Vice President at Corporación Financiera Colombiana S.A., Mr. Páez was the Treasurer at Banco de Bogotá S.A. He was also Vice President of Finance at the social development Banco de Crédito y Desarrollo Social Megabanco S.A. and held various positions at Financiera de Desarrollo Territorial S.A. (Findeter). He is also a director at Fiduciaria Corficolombiana S.A., Casa de Bolsa S.A. and was a director at Fundación Corficolombiana and other companies, mainly in the infrastructure industry.
Miembro del Equipo 1
MÓNICA JIMÉNEZ

(Independent member)


Ms. Jiménez is currently the Chief Strategy, Sustainability and Legal Officer of Geopark Limited, a position she has held since 2022. She is also a director at the Corporate Governance Center of Universidad de Los Andes, and a member of the Court of Arbitration of the International Chamber of Commerce.
Ms. Jiménez holds a law degree from Universidad de Los Andes, a post-graduate degree in Civil Liability and Damages from Universidad Externado de Colombia and a Master of Economic Development Studies from the London School of Economics and Political Science (LSE).
Ms. Jiménez is a lawyer qualified in Colombia, and a qualified practitioner of foreign law recognized by the Law Society of British Columbia. In her current position as Chief Strategy, Sustainability and Legal Officer of Geopark Limited., Ms. Jiménez leads the definition and implementation of Geopark strategy, ingrains sustainability (ESG) within the company and leads the legal team.
Previously, she worked at Ecopetrol S.A. for 6 years and in Canada for over 15 years, including as a lawyer at Fasken Martineau DuMoulin LLP in Vancouver from 2006 to 2015, specializing in international arbitration and corporate social responsibility.
Miembro del Equipo 1
SERGIO RESTREPO ISAZA

(Independent member)


Mr. Restrepo is currently a Partner of Exponencial Banca de Inversion S.A.S., a position he has held since 2016. He is also a director at Odinsa S.A., and Chair of the board of directors of Grupo BIOS S.A.S.
Mr. Restrepo holds a degree in Business Administration from Universidad EAFIT (Colombia), and a Master of Science (Management) from the Sloan Program at the Stanford Graduate School of Business, Stanford University. He has extensive experience in audit and risk matters. During his time in the financial sector, he was a member of the audit and risk committees of the boards of directors of different companies, in which he played an active role in the analysis of financial information and was in charge of investor relations.
He served Bancolombia S.A. from 1985 to 2014, most recently as Vice President of Capital Markets and Executive Vice President of Corporate Development. He began his professional career at Corporación Financiera Nacional y Suramericana S.A. (Corfinsura), where he held the positions of President, Vice President of Investment Banking, and Vice President of Investments and International.
Miembro del Equipo 1
ALBERTO MEJÍA HERNÁNDEZ

(Independent member)


Vice Chairman of the Board of Directors
Mr. Mejía is the President of GH Capital Inc.
Mr. Mejía holds a Bachelor of Science (Engineering) from Princeton University and an MBA focused on Finance and Operations Research from Wharton Business School, University of Pennsylvania. He is an entrepreneur who founded and has served as President of GH Capital Inc., a private equity and investment services company based in New York, since 1992.
Prior to his entrepreneurship, Mr. Mejía gained more than 18 years of experience in the banking sector when he was President of Banco de Bogotá Trust Company in New York and Vice President at Citibank N.A. at its New York headquarters, as well as 10 years of experience in the oil extraction sector in Colombia.
Miembro del Equipo 1
LUCÍA TABORDA

(Independent member)


Ms. Taborda is a director of Santa Marta International Company S.A.S - Smitco - and Operadora de Carbon de Santa Marta LTDA – Carbosan.
Ms. Taborda has over 30 years’ experience in the senior management of business units related to agroindustry exports and holds degrees in Senior Management from INCAE (Costa Rica) and Finance and Business Administration from EAFIT (Colombia). She has been responsible for the formulation, administration, management and optimization of projects and/or new business plans, and has knowledge in budget development, financial evaluation, and negotiation in the management of suppliers and strategic business partners.
Ms. Taborda has held the positions of General Manager, Controller, Financial Analyst and Treasurer with CI Técnicas Baltime de Colombia S.A. and Administrative and Financial Manager with America Flor Ltda. She has been a Director of the Santa Marta Regional Port Society since 2016 and has previously held several other directorships, including with Mineros from 2014 to 2018.

Board Committees

Audit and Risk
Committee

The purpose of the Auditing and Risk Assessment Committee is to assist the Board of Directors in the performance of its supervision responsibilities with respect to the following:

A. Meet requirements for the submission and dissemination of financial information.

B. Assess accounting procedures, as well as engage with the auditor in the preparation of financial statements and other related matters, and;

C. In general terms, to guarantee that the Company’s Management has implemented and evaluated an effective financial control and risk management framework.

Members:

* Sergio Restrepo * Juan Carlos Paéz * Dieter Jentsch
Corporate Governance and Sustainability Committee

The purpose of the Governance and Sustainability Committee is to (I) assist the Board of Directors in the performance of its duties regarding the analysis, assessment, supervision, and enforcement of Corporate governance matters of the Company, its affiliates, and Board Committees, and (II) define and supervise the implementation of the sustainability strategy of the Company and its subsidiaries.

Members:

* Eduardo Pacheco * Mónica Jiménez* Nicolás Duran Martínez
Executive Remuneration Committee

The purpose of the Executive Compensation Committee is to assist the Board of Directors in the appointment, contracting, compensation, succession plans, and other human resources matters of the Company’s top management.

Members:

* Juan Carlos Paéz * José Fernando Llano* Nicolás Duran Martínez
Business and Optimization Committee

The purpose of the Business Opportunities and Optimization Committee is to support the Board of Directors in building and implementing the Company’s development and technology optimization strategy.

Members:

* José Fernando Llano * Alberto Mejía * Dieter Jentsch * Lucía Taborda

Regulations Board of Directors and its committees

Board Survey