August 30, 2024
(press release)
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Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced a new business structure to support its shift to a pure-play energy transition metals company focused on growth. “This new structure will ensure Teck is optimally positioned to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our shareholders and all stakeholders,” said Jonathan Price, President and CEO. “This change simplifies our business with a streamlined executive leadership team and regional structure to support our strategy focused on growth in copper, balanced with shareholder returns and the long-term resiliency of our business.” The new business structure organizes Teck around two regional business units: The North America and LATAM business units will be supported by enterprise-wide functions and a dedicated Projects group that will develop and execute brownfield and greenfield projects. In alignment with Teck’s new organizational structure, effective September 1, 2024, the executive leadership team reporting to President and CEO Jonathan Price has been reshaped: “This executive leadership team bring to their portfolio an incredible breadth of experience and I look forward to working with them to unlock the full value of our premium energy transition metals portfolio and leading copper growth pipeline,” said Price. Fraser Phillips, Senior Vice President, Investor Relations and Strategic Analysis, has announced his planned retirement in the first quarter of 2025. He will continue to lead Teck’s investor relations function in the interim. More information Teck’s leadership team is available at www.teck.com/about/leadership. About Teck Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources. Media Contact:Dale Steeves 24-27-TR
Director, Stakeholder Relations
236.987.7405
dale.steeves@teck.com
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