Advanced Search
Nenad Bach - Editor in Chief

Sponsored Ads
 »  Home  »  Business  »  (E) Croatian Andronico Luksic Steps Down
(E) Croatian Andronico Luksic Steps Down
By Nenad N. Bach | Published  11/11/2004 | Business | Unrated
(E) Croatian Andronico Luksic Steps Down


Croatian Andronico Luksic Steps Down

Antofagasta chairman hands over to son

LONDON (Reuters) - The majority owner of Chilean copper miner Antofagasta, Andronico Luksic, has stepped down as chairman.

Luksic, ranked by Forbes magazine as the world's 140th richest man, chose his 78th birthday to hand the chairmanship to his son, Jean-Paul Luksic, who is chief executive of Antofagasta's mining division and had been deputy-chairman of the company.

Andronico Luksic, whose father emigrated from Croatia in 1910, bought a majority stake in the 116-year-old firm in 1980, when it was known as Antofagasta and Bolivia Railway Company.

He branched into banking, telecommunications and mining, turning the company, currently worth 2 billion pounds, into one of the world's biggest copper producers.

The Luksic family owns 65 percent of Antofagasta ANTO.L , making it one of the FTSE-100 index's .FTSE most closely held stocks.

The company said in a statement on Friday it had invited the elder Luksic to become Honorary President.


How would you rate the quality of this article?

Enter the security code shown below:
imgRegenerate Image

Add comment

Article Options
Croatian Constellation

Popular Articles
  1. Dr. Andrija Puharich: parapsychologist, medical researcher, and inventor
  2. (E) Croatian Book Club-Mike Celizic
  3. Europe 2007: Zagreb the Continent's new star
  4. (E) 100 Years Old Hotel Therapia reopens in Crikvenica
  5. Nenad Bach & Miro Gavran hosted by Branimir Bilic on Croatian TV 2010
No popular articles found.