RIO rio tinto limited

News: RIO UPDATE 2-Australia's IGO picks Rio Tinto executive Vella as CEO

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    	  Vella has been with Rio for 20 years 
    

    	  Replaces former IGO CEO Bradford who died suddenly in Oct 
    

    	  Will head one of Australia's most developed battery 
    

    minerals makers

    (Adds details on Vella in paragraphs 2,3, and bullet points)

    MELBOURNE, June 13 (Reuters) - Australian battery minerals producer IGO Ltd (IGO) said on Tuesday it has appointed Ivan Vella, who has spent two decades at mining giant Rio Tinto (RIO) , as its new CEO.

    Vella, now heading Rio Tinto's aluminium division, will take the helm no later than Dec. 11, after he serves his notice period and relocates to Perth with his family from Montreal, where Rio runs its green aluminium business.

    Rio had brought in Vella to steer the miner's iron ore business in the aftermath of its destruction of rock shelters at Juukan Gorge in 2020. The episode triggered wide-ranging changes in Australian industry practices on protection of cultural sites.

    His appointment at IGO comes after its former CEO and Managing Director Peter Bradford suddenly died in October, and positions him at the helm of one of Australia's most developed battery minerals and chemicals producers.

    IGO holds a minority stake with Tianqi Lithium Corp 002466.SZ in a high-purity lithium hydroxide plant south of Perth and is working with Wyloo Metals, the private investment arm of iron ore magnate Andrew Forrest, to expand its footprint downstream into battery chemicals via its nickel business.

    Vella, who will also be managing director, will replace IGO's acting chief executive Matt Dusci, previously chief operating officer.

    Rio confirmed Vella's departure in a statement and said a process to identify his successor is underway. He has stepped down from Rio's executive committee but will continue to lead the division in the meantime.

 
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