Into Xstrata pit for new director

14/12/2007

Published: December 14 2007 02:00 | Last updated: December 14 2007 02:00

While the mining industry waits for Xstrata to make its move, it has made an intriguing addition to its board in the highly opinionated former boss of Canada's largest single- profession pension fund,

The man who has just retired from the head of Ontario Teachers Fund, Claude Lamoureux , is known in Canada for using his role as a "bully pulpit" for corporate governance. In the UK he sits on the board of Northumbrian Water, where the pension fund holds a large stake.

Financial Times - www.ft.com