Rio Tinto announces new business organisation

Rio Tinto has changed its organisational structure, with iron ore head Andrew Harding to leave the business.

Rio Tinto has changed its organisational structure, with iron ore head Andrew Harding to leave the business.

It comes as Jean-Sebastian Jacques steps into the CEO role, replacing outgoing CEO Sam Walsh.

From next month Rio Tinto will operate under a new group structure that sees a number of divisions merge and split “to better align the group’s assets with the business strategy to help drive further efficiencies and optimise performance,” Rio Tinto said in an official statement.

This in turn has also seen a management restructure.

Rio Tinto will now be divided into four separate business structures: Aluminium; Copper & Diamonds; Energy & Minerals; and Iron ore.

“These groups will be complemented by a newly shaped Growth & Innovation group, which will focus on future assets and technical support,” the miner added.

Under the new structure, Aluminium stays the same, with Alfredo Barrios as its chief executive.

Iron Ore will be focused solely on Rio’s WA iron ore assets, with the current Copper & Coal head Chris Salisbury to lead the division. The current iron ore head, Andrew Harding will leave the business as of 1 July, after 25 years with the company.

Rio Tinto made no mention of its Simandou interests in Guinea and where they will lay in the new organisational structure.

Copper will now be combined with diamonds into a single operational group as it splits from coal, “which helps us maximise our technical underground mining expertise,” Rio Tinto said.

Arnaud Soirat, the current Aluminium Primary Metal president will step into the newly created division as chief executive.

The current Diamond & Minerals chief executive Alan Davies will head the Energy & Minerals division, which brings together coal, uranium, salt, borates, and titanium dioxide mines together, as well as Rio Tinto’s Canadian iron ore assets.

Australia remains home to Rio Tinto’s technology focus, with the Growth & Innovation division to be headed by the current acting Technology & Innovation group executive Stephen McIntosh, based in Brisbane.

“In addition, reflecting the Group’s increased focus on health and safety, accountability for safety as a discrete unit will sit with an Executive Committee member for the first time,” Rio Tinto added.

The current head of Health, Safety, Environment & Communities, Joanne Farrell, will step into the role of Group executive, Health, Safety & Environment.



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