Fresnillo plc announced that Mr. Alberto Baillères is stepping down as Chairman of the company and will be leaving the Board of Directors of the company with immediate effect. The Board has invited Mr. Alberto Baillères to become Honorary President of the company in recognition of his enormous contribution in creating the company as a major mining company and a constituent of the FTSE-100 Index. Mr. Alejandro Baillères (60), currently Deputy Chairman of Fresnillo plc, has been elected Chairman with immediate effect. Mr. Alberto Tiburcio, an independent nonexecutive director of the company, has been appointed as Chairman of the Remuneration Committee, in place of Mr. Charles Jacobs. Mr. Charles Jacobs, an independent nonexecutive director of the company, has been appointed as member of the Nominations Committee, in place of Mr. Alberto Tiburcio. Mr. Alejandro Baillères, a nonexecutive director of the company, has been appointed as Chairman of the Nominations Committee, in place of Mr. Alberto Baillères. Mr. Alejandro Baillères, a nonexecutive director of the company, has been appointed as member of the Remuneration Committee, in place of Mr. Alberto Baillères.