Rio Tinto is making changes to its
senior management team as chief financial officer (CFO) Guy Elliott has decided
to retire at the end of 2013. Guy Elliott remains on the Boards of Rio Tinto plc
and Rio Tinto Ltd until then and has been appointed senior executive director on
the Boards. He will continue in his role as CFO until a successor is
appointed.
Rio
Tinto chairman Jan du Plessis said “Guy has enjoyed an outstanding career during
his 32 years at Rio Tinto, which includes ten years on the Board. I would like
to thank him on behalf of the Board for his invaluable contribution,
particularly in recent years as he helped steer the Group through the global
financial crisis and back to a position of financial strength.”
Rio
Tinto chief executive Tom Albanese said “Guy is a key member of my executive
team and I am grateful for his skilful leadership of the Group’s finances and
strategy during some challenging times. I would like to thank him personally for
his wise counsel and support and for his commitment to stay with us for another
18 months to ensure a smooth transition."
Three
other roles on the Executive Committee are changing.
Rio
Tinto Energy chief executive Doug Ritchie will take on the new role of group
executive Strategy, with responsibility for group strategy and business
development. He will take up the London-based role on 1 January 2013.
Diamonds
and Minerals chief executive Harry Kenyon-Slaney will assume the Brisbane-based
role of Energy chief executive from 1 September 2012.
Rio
Tinto Iron Ore International Operations president Alan Davies will be the new
Diamonds & Minerals chief executive from 1 September 2012, based in London,
and will join the Executive Committee. Alan Davies will retain responsibility
for the Simandou iron ore project. Dampier Salt Ltd will transfer to the
Diamonds & Minerals product group from Iron Ore.
Tom
Albanese said “It’s important to develop people’s careers by giving them new
challenges. I congratulate Doug, Harry and Alan on their new appointments.
“Adding
a strategy role to the Executive Committee underlines the priority we place on
this key area and on continuity of our strategic direction. Guy has done an
excellent job leading the strategy team and there will be a seamless handover to
Doug, whose thorough knowledge of the business and experience in this area will
be invaluable to both the Board and my executive team.
“Doug
has a very able successor in the Energy product group in Harry, who brings a
range of business skills to the role, including direct experience running Energy
Resources of Australia. I welcome Alan to the Executive Committee, and
acknowledge the leading role he has played in developing partnerships with the
Government of Guinea, Chalco and the International Finance Corporation, and
leading the work to develop the Simandou project.”
All
other Group executive roles remain unchanged.
Notes
Doug
Ritchie has more than 25 years of experience in the aluminium, coal, diamonds,
industrial minerals and exploration businesses in a number of senior operations
and leadership roles. He has held senior roles in strategy and business
development, including Strategy managing director before he became Energy chief
executive in 2009.
Harry
Kenyon-Slaney has been with Rio Tinto for 21 years and has previous experience
in energy as managing director Energy Resources of Australia Ltd from 2004-2007.
Harry has also held senior operational leadership and commercial roles in copper
and industrial minerals, including managing director Rio Tinto Iron and
Titanium.
Alan
Davies has been with Rio Tinto for 15 years and has comprehensive experience in
operations, business development and finance in Energy and Iron Ore.
About Rio Tinto
Rio Tinto is a leading international mining group
headquartered in the UK, combining Rio Tinto plc, a London and New York Stock
Exchange listed company, and Rio Tinto Limited, which is listed on the
Australian Securities Exchange.
Rio Tinto's business is finding, mining,
and processing mineral resources. Major products are aluminium, copper,
diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals
(borax, titanium dioxide and salt) and iron ore. Activities span the world and
are strongly represented in Australia and North America with significant
businesses in Asia, Europe, Africa and South America.
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