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Former Codelco Executive Demands $520 Million in Compensation, Slams Pacheco



The whistleblower served as vice president of corporate affairs and sustainability until September last year. He said he was asked by executives of the state-owned company to hire the two by order of Máximo Pacheco. For one, he then obtained a position at Codelco.

It’s not the first time a former senior executive has said this. Codelco prosecution against the state.

This last incident has now come to light, Renato Fernandez He filed a complaint against the mining company a few months ago after stepping down as manager in September 2022. Vice President of Corporate Affairs and Sustainability.

Specifically, according to El Mercurio, the expert will seek damages for: $520 million Regarding pre-retirement contracts.

The complaint also expressed serious accusations against a company executive, whose name was not given, and said that their group had “pressured” him. – Ordered to employ two people by “instruction” of Codelco President Máximo Pacheco.

He said he did not agree to the request and was dismissed for not complying with corporate governance.

The pressure was “imposed and installed,” as alleged in the complaint as a condition for Mr. Fernandez to continue in his role as Vice President of Corporate Affairs and Sustainability;

And, according to the law, One of the two people who hired him got a position within Codelco.

The morning paper noted that the copper company did not want to mention the case, which continues to be in the hands of the judiciary.

Source: Biobiochile

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