27th Feb 2015 07:31
LONDON (Alliance News) - Mining giant Rio Tinto PLC Friday said it is streamlining its organisational structure as part of its efficiency and cost drive, resulting in the departure of the head of its energy business.
Rio Tinto said Harry Kenyon-Slaney will leave the business as it condenses its assets into four product groups: Aluminium, Copper and Coal, Diamonds and Minerals, and Iron Ore.
Copper chief executive Jean-Sébastien Jacques will lead the newly combined copper and coal product group. Uranium will be added to the Diamonds and Minerals product group, under the leadership of product group chief executive Alan Davies.
A number of key corporate functions will also be reshaped to further reduce costs and improve effectiveness as part of an the ongoing optimisation programme, Rio Tinto said.
"These changes are part of our continuing business transformation to reduce costs, simplify and strengthen our company and deliver sustainable value for shareholders," group Chief Executive Sam Walsh said.
By Steve McGrath; [email protected]; @stevemcgrath1
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