20th Dec 2021 06:39
(Alliance News) - Rio Tinto PLC on Monday named Canadian diplomat Dominic Barton as the miner's new chair, taking on the post from May next year.
Simon Thompson will step down from the board on May 5, having served as chair for four years and as a non-executive director since 2014.
Barton joins Rio Tinto's board on April 4, before taking over as chair when Thompson departs.
The miner said Barton has spent over 30 years at management consulting McKinsey & Co. He spent nine years as global managing partner at the firm, and six years as Asia chair.
More recently, he has been Canada's ambassador to China since 2019.
"He brings a wealth of global business experience having advised clients in a range of industries, including banking, consumer goods, high tech and industrials, as well as a deep insight of geopolitics, corporate sustainability and governance," Rio Tinto explained.
Rio Tinto shares closed 0.2% higher at AUD98.23 each in Sydney on Monday.
By Eric Cunha; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Rio Tinto