Compañía de Minas Buenaventura S.A.A. announced that in the interest of the company’s best practices of corporate governance, its Board of Directors has decided to separate the Chairman and CEO roles. Thereby, the Board has accepted the resignation of Mr. Roque Benavides as the company's Chief Executive Officer, effective January 2, 2017. Mr. Benavides will remain as Chairman of the Board of Buenaventura and continue collaborating with the company. The Board of Directors appointed Mr. Victor Gobitz as the new Chief Executive Officer of Buenaventura, effective January 02, 2017. During his twenty five-year career in the mining industry, Mr. Víctor Gobitz has held senior leadership positions with mining companies in Peru, Chile, Brazil and Canada. He has served as CEO of Compañia Minera Milpo and other mining companies.