Rio Tinto adds a strategy and development role to the executive committee
01 Luglio 2020 - 12:38AM
Business Wire
Rio Tinto has added a new role to its executive committee as it
considers the next phase of its transformation to reinforce the
company’s commitment to strategy, technology and climate change in
a new era.
Peter Toth will become Group executive, Strategy and Development
with a focus on leading Rio Tinto’s transformation efforts around
portfolio, climate change, and closure, working in partnership with
the product group and commercial teams. He will also assume
responsibility for Rio Tinto Exploration and Ventures.
Stephen McIntosh, Group executive of Growth & Innovation and
Health, Safety & Environment (HSE) has decided to retire after
more than 30 years with Rio Tinto, leaving the company on 30
September. Stephen joined Rio Tinto as an exploration geophysicist
in 1987 and led the exploration team from 2011 to 2016, joining the
executive committee in 2016. During his time with the company,
Stephen built strong exploration, project and technology
capabilities.
With Stephen’s departure, Mark Davies will assume the role of
Group executive, Safety, Technical and Projects, with a focus on
maintaining the company’s longstanding commitment to safety, health
and environment, while further building on the company’s efforts in
technology and project delivery to support operational excellence
in the years ahead.
Both Peter and Mark will join the Rio Tinto executive committee
on 1 October, reporting to chief executive, J-S Jacques.
Peter, a dual Hungarian and Australian citizen, joined Rio Tinto
in 2014 as global head of Strategy. In 2015, he became head of
Corporate Development with responsibility for corporate strategy
(including climate strategy) and business development. With over 25
years’ experience working in the resources industry around the
world, he was the chief executive of ASX listed OM Holdings, an
integrated manganese and silicon company, between 2008 and 2014.
Prior to this he spent fourteen years with BHP Billiton in a range
of roles, including the head of marketing for carbon steel
materials. He is based in London.
Mark, an Australian citizen, brings extensive international
experience gained over 25 years with Rio Tinto in Australia, the
US, the UK and Singapore. He joined the company in 1995 as a senior
mechanical engineer and has worked in various operational and
functional leadership roles during this time. These include chief
commercial officer and interim CEO for the Iron and Titanium
business unit, head of Group Risk and most recently, vice
president, Global Procurement. Mark will move to Brisbane.
Rio Tinto chief executive J-S Jacques said, “We remain committed
to strong performance, disciplined capital allocation and a focus
on value over volume as we transform our business to make the most
of future opportunities in an increasingly complex world. With
Peter and Mark joining the executive team we will enhance our focus
in areas that will be absolutely vital for Rio Tinto’s future
performance and success – strategy, technology and climate change.
I welcome them both to our team.
“As we welcome our new team members we also say goodbye to
Steve, who has significantly contributed to our company over many
decades. We are very grateful for his support and leadership in
areas from exploration to innovation. We thank him for his
commitment and I wish Steve and his family all the very best for
the future.”
Notes to editors
Stephen McIntosh
Stephen will leave the company on 30 September 2020 and take
long service leave until his retirement date on 31 December 2020.
Leaving arrangements for Stephen McIntosh are governed by the
Group's remuneration policy and will be finalised at the date of
his retirement and will be disclosed in the Annual Report.
Peter Toth and Mark Davies
Peter Toth and Mark Davies will be issued standard Rio Tinto
executive contracts, which includes a 12-month company notice
period. They will receive a remuneration package that is in line
with the Group’s remuneration policy, which is published on the
company website. The 2020 Annual Report will contain details of the
remuneration terms described above.
This announcement is authorised for release to the market by Rio
Tinto’s Group Company Secretary.
Category: general
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