Máximo Pacheco Matte was named Chairman of Codelco on March 2022 by President Gabriel Boric. He has held executive and managerial positions in important companies in Chile and in various countries.

Pacheco is a Business Administrator who graduated from University of Chile and has held executive and managerial positions in important companies in Chile and abroad.

He was the first Vice President of Operations of Codelco after the return to democracy, a position he held between 1990 and 1994; Minister of Energy between 2014 and 2016, during the second government of Michelle Bachelet, and member of the board of National Television of Chile (TVN) between 2018 and 2019.

In the private sphere, he was Executive Vice President for Latin America at Carter Holt Harvey and a Senior Vice President at International Paper, where he served as President for Latin America and, later, as President for Europe, the Middle East, Africa and Russia.

He was also director of different private companies in Chile, Europe, Russia and New Zealand. He was a member of the board of the European Confederation of Industry of Paper (CEPI), part of the Board of the North American Chamber of Commerce (AMCHAM) of Belgium and Vice President of the Council of the Brazilian Association Cellulose and Paper (Bracelpa).

He was also an academic at the School of Government of the Pontifical Catholic University of Chile, member of the boards of the Municipal Theater of Santiago and of the Súmate Foundation, in addition to being a member of the board of the World Wide Fund for Nature-Chile (WWF).