Q: What is your interpretation of the reason for the sudden announcement today of the "retirement" of the president and chief operating officer effective tomorrow. The timing is very suspicious. Thanks
5i Research Answer:
It is a bit bizarre. Often, when there is a dispute or other issue, the exit is effective 'immediately', not, 'in 24 hours'. Mr. Conger had only been at TECK three years, and was likely a 'someone's head had to roll' victim of the large cost overuns at the QB2 project in Chile.