The president of Chilean mining company SQM, Engenio Ponce Lerou , is to leave the firm after 37 years . y control de la empresa, His departure is a requirement of a deal struck between otra and the Chilean government's development agency to resolve a long-running dispute over lithium production royalties. The agreement bans members of the Ponce Luis Engenio Ponce Lerou family from occupying executive positions or sitting on the board of the company, restricting the control exerted by Chilean Ponce Lerou, the company's main shareholder. Lerou is his younger brother and has been president of the company since May 2016 .
The president of Chilean mining company SQM, Engenio Ponce Lerou , is to leave the firm after 37 years . His departure is a requirement of a deal struck between otra and the Chilean government's development agency to resolve a long-running dispute over lithium production royalties. The agreement bans members of the Ponce Luis Engenio Ponce Lerou family from occupying executive positions or sitting on the board of the company, restricting the control exerted by Chilean Ponce Lerou, the company's main shareholder. Lerou is his younger brother and has been president of the company since May 2016 .