Sean Hinton Appointed Chair of the Board of Directors of Oyu Tolgoi LLC

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Algemeen advies 21/09/2024 07:06
Sean Hinton Appointed Chair of the Board of Directors of Oyu Tolgoi LLC

[Ulaanbaatar, Mongolia]: Oyu Tolgoi LLC has today announced the appointment of Sean Hinton as Chair of the Board of Directors effective 1 October 2024. He replaces Ambassador Batsukh Galsan who has decided to retire from the role after almost 15 years of exemplary leadership.

Mr Hinton, a dual British-Australian citizen, has extensive experience living and working in Mongolia and brings a wealth of experience in international business and sustainable investments to the role.

Chairman Batsukh said: “I believe that Oyu Tolgoi is now on an irreversible path to becoming not only a long-term partner in creating prosperity and social wealth for Mongolia as the country’s leading exporter, but also one of the greatest mining businesses in the world. With so much confidence in the future of Oyu Tolgoi, I have decided that the time is right for me to retire as Chairman of the Board of Directors.

“Over its history, Oyu Tolgoi has overcome significant challenges and seen many moments of happy celebration as we reached great achievements and milestones. The credit for these accomplishments goes to all of the Oyu Tolgoi family, and I am deeply indebted to each and every one of my colleagues.”

Deirdré Lingenfelder, CEO of Oyu Tolgoi, stated: “Ambassador Batsukh’s contributions to Oyu Tolgoi, both as Chairman of the Board and in his broader roles, are truly unparalleled. His wisdom, vision, and leadership have left an indelible mark on every member of the Oyu Tolgoi family over the years. He will forever remain a key figure in our company’s history.

“I am also pleased by the appointment of Sean Hinton as our new Chair. Sean has a deep connection to Mongolia having first moved here in 1988 to study at the National University of Mongolia. Throughout his career, he has dedicated significant time to building businesses, institutions and international partnerships while also fostering strong personal relationships within the country.

“Sean is the ideal leader to guide the Oyu Tolgoi Board of Directors in the years ahead, as we continue to pursue sustainable growth and success for our shareholders and stakeholders.”

Sean Hinton, incoming Chair of the OT Board of Directors said, “It is a great honour to succeed Ambassador Batsukh as Chair of the OT Board of Directors. I am humbled and immensely proud to be entrusted with this responsibility, and I look forward to leading the Board of Directors as we continue to build upon the tremendous foundations laid to date.”

“Oyu Tolgoi has built a reputation for excellence around the world, and it is taking its place on the world’s stage as one of the most significant and complex copper mining developments. I am enormously excited to play my part over the coming years helping to realise that potential. My priority will be upholding the highest standards of governance at Oyu Tolgoi and focusing on strong business, environmental and social performance that contributes meaningfully to Mongolia – a country which has played a big part in my life.”



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