Mr. Dela Cruz assumes the CFO role as Mr. Martin Buckingham focuses on his growing functions as Executive Vice President and as a member of the Executive Committee.
Under the stewardship of Mr. Buckingham, Atlas successfully hurdled the challenges of mine rehabilitation and the global economic downturn to emerge as one of the pillars of the mining industry. In his expanded role as Executive Vice President, Mr. Buckingham will be able to focus more on new business development, strategic planning, exploration, mergers and acquisitions and commercial arrangements, while providing insight on all aspects of the organization as an Executive Committee member.
Mr Buckingham commented: "When I assumed the role as CFO in 2002, there were many challenges facing the company including its heavy debt burden, labor issues and the need to rehabilitate its decaying and dormant mine assets. At the time we had a market capitalization of less than US$10m and a very weak balance sheet. It is delightful now to see the transformation of the group today with 2 operating mines, 3000 plus employees, improving income as well as a strong and prestigious shareholder base. This is a credit to the management team led by its President and Chairman Mr. Alfredo Ramos who rehabilitated the company from its lowly base into what is now an internationally recognized, prosperous and responsible mining house. My successor as CFO, David dela Cruz, brings a wealth of skills to Atlas as the company migrates to its next phase of growth and expansion”.
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