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Rio announces executive changes, CFO to retire

12 Jul 2012
PERTH ( – Diversified miner Rio Tinto on Thursday announced major executive changes, as well as the retirement of its CFO Guy Elliott at the end of 2013.

The miner said in a statement that Elliott would remain on the board of directors, and had been appointed as a senior executive director, until his retirement. He would also continue his role until a successor had been appointed.

Chairperson Jan du Plessis noted that Elliott had been with the company for 32 years, of which he had spent ten years on the board.

Rio also announced that three other roles on the executive committee would change.

Energy CEO Doug Ritchie would take on the new role of group executive strategy, with responsibility for group strategy and business development. He would take up the London-based role in January 2013.

Diamonds and Minerals CEO Harry Kenyon-Slaney would assume the Brisbane-based role of Energy CEO from September this year, while Iron Ore International Operations president Alan Davies would be the new Diamonds & Minerals CEO, and would be based in London.

Davies would also join the executive committee, while retaining responsibility for the Simandou iron-ore project.

The Dampier Salt business unit would also be transferred to the Diamonds & Minerals product group from Iron Ore.

“Adding a strategy role to the executive committee underlines the priority we place on this key area and on continuity of our strategic direction. Elliott has done an excellent job leading the strategy team and there will be a seamless handover to Ritchie, whose thorough knowledge of the business and experience in this area will be invaluable to both the board and my executive team,” said CEO Tom Albanese on Thursday.

“Ritchie has a very able successor in the Energy product group in Kenyon-Slaney, who brings a range of business skills to the role, including direct experience running Energy Resources of Australia.”

Albanese also welcomed Davies to the executive committee, acknowledging the leading role he played in developing partnerships with the government of Guinea, Chalco and the International Finance Corporation, and leading the work to develop the Simandou project.