Former Rio Tinto CEO's Remuneration Rose 20% Last Year Despite Destruction of Cultural Site in Australia
22 Febbraio 2021 - 04:04PM
Dow Jones News
By Adriano Marchese
Ousted Rio Tinto PLC Chief Executive Officer Jean-Sebastien
Jacques's remuneration increased in 2020, a year which the company
said was overshadowed by its destruction of a 46,000-year-old
cultural heritage site in Western Australia.
The mining giant's chief resigned in September after pressures
from investors and senior leaders about the destruction of two
ancient rock shelters in Australia's minerals-rich Pilbara region
in May.
However, in 2020, the executive's total remuneration rose 20% to
7.2 million pounds ($10.1 million), according to the company's
annual report, which was published Monday.
The increase came primarily from the CEO's long-term incentive
program awards, which rose to GBP3.6 million from GBP2.3 million
the previous year, and included a significant share price
appreciation, to GBP3.3 million from GBP557,000.
In mid-December, the company appointed its chief financial
officer, Jakob Stausholm, as its next CEO. Mr. Stausholm assumed
the role on Jan. 1.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 22, 2021 09:49 ET (14:49 GMT)
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