Rio Tinto introduces new role for future strategy

Image: Rio Tinto

Rio Tinto has added a new group executive role to tackle future priorities, including strategy, technology and climate change.

The role of group executive for strategy and development will be assumed by Peter Toth, who will lead Rio Tinto’s portfolio transformation, its climate change strategy and closure of sites.

Toth will work in partnership with the product group and commercial teams, also assuming responsibility for Rio Tinto’s exploration and ventures.

Rio Tinto chief executive Jean-Sébastien Jacques welcomed Toth to the team and outlined the company’s strategy going ahead.

Jacques said the appointment and overhaul is part of the company’s commitment to align its business with shareholders’ social and environmental priorities.

“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,” Jacques said.

“With (Toth) 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.”

Toth will officially assume his role with the Rio Tinto executive committee from his base in London on October 1.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.