Rio Tinto streamlines organisational structure to drive greater value
27 February 2015
Rio Tinto is streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs.
Under the new arrangements, Rio Tinto's world-class portfolio of assets will be condensed into four product groups: Aluminium, Copper and Coal, Diamonds and Minerals, and Iron Ore.
The new Copper and Coal product group will bring Rio Tinto's coal operations alongside the existing Copper portfolio. Copper chief executive Jean-Sébastien Jacques will lead the combined product group.
Uranium will be added to the Diamonds and Minerals product group, under the leadership of product group chief executive Alan Davies.
As a consequence of the restructuring, Energy chief executive Harry Kenyon-Slaney will leave the business.
The Aluminium and Iron Ore product groups remain unchanged.
A number of key corporate functions will also be reshaped to further reduce costs and improve effectiveness as part of an ongoing optimisation programme.
Rio Tinto chief executive Sam Walsh said "These changes are part of our continuing business transformation to reduce costs, simplify and strengthen our company and deliver sustainable value for shareholders.
"Our coal and uranium assets remain a part of our world-class portfolio. We will work hard to ensure there is a smooth transition for our colleagues in the Energy product group and continue to maximise efficiencies in our coal and uranium operations.
"I would like to thank Harry for the important contribution he has made during almost 25 years with the Group, including as a colleague on the Executive Committee for the past five years. Harry has my best wishes for the future and my full appreciation for the significant role he has played in his time at Rio Tinto."
The new arrangements come into effect immediately.
Contacts
[email protected]
www.riotinto.com
Follow @RioTinto on Twitter
Media Relations, EMEA/AmericasIlltud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 David Luff T + 44 20 7781 1177
M + 44 7780 226 422 Investor Relations, EMEA/AmericasJohn Smelt T +44 20 7781 1654 M +44 7879 642 675 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Grant Donald T +44 20 7781 1262 M +44 7920 587 805 |
Media Relations, Australia/AsiaBen Mitchell T +61 3 9283 3620 M +61 419 850 212 Bruce Tobin T +61 3 9283 3612 M +61 419 103 454 Matthew Klar T +61 7 3625 4244 M +61 457 525 578 Investor Relations, Australia/AsiaRachel Storrs T +61 3 9283 3628 M +61 417 401 018 Galina Rogova T +86 21 6103 3550 M +86 152 2118 3942 |
|
|
|
|
Rio Tinto plc2 Eastbourne Terrace London W2 6LG United Kingdom T +44 20 7781 2000
Registered in England No. 719885 |
Rio Tinto Limited120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 |
