RIO rio tinto limited

News: RIO Rio Tinto terminate contracts of executive Alan Davies and Debra Valentine

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    Nov 17 (Reuters) - Rio Tinto Ltd (RIO)

    • Senior management changes
    • Terminated contracts of Energy & Minerals chief executive Alan Davies and legal & regulatory affairs group executive Debra Valentine
    • Board concluded that executives failed to maintain standards expected of them under our global code of conduct
    • Alan Davies will be replaced by Bold Baatar
    • Reviewed findings to date of an internal investigation into 2011 contractual arrangements with a consultant
    • Board reviewed findings to date of an internal investigation into 2011 contractual arrangements with a consultant
    • Chief financial officer Chris Lynch has temporarily assumed accountability for corporate legal & regulatory affairs function
 
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Last
$115.54
Change
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