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Rio Tinto recently announced that Tom Albanese has stepped down as chief executive by mutual agreement with the Rio Tinto Board; Sam Walsh, Iron Ore chief executive, has been appointed as his successor. In addition, Doug Ritchie, who led the acquisition and integration of the Mozambique coal assets in his previous role as Energy chief executive, has also stepped down by mutual agreement.
“I would like to pay tribute to Tom for his considerable contribution to Rio Tinto over more than 30 years of service and for his integrity and dedication to the company,” said Jan du Plessis, chairman. “I would also like to thank Doug for his 27 years of service to the Group and particularly for his invaluable work in developing our relationships in China. I wish them both well for the future.”
“I am honored to be given the opportunity to lead this wonderful business,” said Walsh. “I have great respect for Tom and the many positive attributes he brought to the role, and I am grateful for the experience of working closely with him over many years. I will be working flat out to build an even stronger, more valuable Rio Tinto business for shareholders and for our many other stakeholders.”
For additional information, visit www.riotinto.com.