Tim Snider was the former President and Chief Operating Officer of Phelps Dodge and Freeport-McMoRan. He had worked at Phelps Dodge for 37 years. The company announced that it was reorganizing its management team and Snider will resign as of April 1, 2008. Phelps Dodge was acquired in March 2007 by Freeport-McMoRan Copper and Gold. It is fairly typical that the executives of the acquired company leave shortly after they have been purchased. Ramiro Peru, the former CFO of Phelps Dodge had left at the time of the merger. He subsequently went to Swift and is now being replaced by another Phelps Dodge Employee, Stan Rideout as Swift’s CFO.
John Laub is the Founder of the CEO-CFO Group.
1. “Former Phelps Dodge Executive to Step Down.” The Arizona Republic. December 14, 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment