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Rio Tinto CFO Guy Elliott to retire

Staff writer |
London, United Kingdom - July 12, 2012, London, United Kingdom - Rio Tinto announced that its chief financial officer Guy Elliott has decided to retire at the end of 2013.

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Mr. Elliott has been appointed senior executive director on the Boards. He joined the Group in 1980 after gaining an MBA, having previously been in investment banking. He subsequently held a variety of commercial and management positions, including head of Business Evaluation and president of Rio Tinto Brasil.

Mr. Elliott served as Non-executive director of Royal Dutch Shell plc since 2010 and chairman of its audit committee since May 2011, non-executive director and senior independent director of Cadbury plc from 2007 and 2008 respectively until 2010.

The company announced several other management changes. Cchief executive Doug Ritchie will take on the new role of group executive Strategy, with responsibility for group strategy and business development. He will take up the London-based role on January 1, 2013.

Mr. Ritchie was appointed chief executive of Rio Tinto's Energy group in 2009. He has been with the Group since 1986 when he joined CRA as corporate counsel. Since then he has held a number of roles in various Rio Tinto businesses and corporate functions, including Exploration, Project Development and the Energy, Aluminium and Diamonds & Minerals product groups.

Mr. Ritchie's previous roles have included head of Business Evaluation, managing director of Dampier Salt, Rio Tinto Coal Australia and Rio Tinto Diamonds. Prior to his current role, he was managing director, Strategy of Rio Tinto.

Mr. Ritchie is a director of the World Coal Association since 2010, director of Rössing Uranium Limited since 2009, director of Australian Coal Association from 2006 to 2008, director of Dalrymple Bay Coal Terminal from 2006 to 2007, director of Queensland Resources Council from 2006 to 2007, deputy chairman of the Coal Industry Advisory Board to the IEA, director of Coal & Allied Industries Limited between 2006 and 2007 and from 2008 to 2011.

Diamonds and Minerals chief executive Harry Kenyon-Slaney will assume the Brisbane-based role of Energy chief executive from September 1, 2012.

Mr. Kenyon-Slaney was appointed chief executive of Rio Tinto's Diamonds & Minerals product group in October 2009. He joined the Group in 1990 from Anglo American Corporation and has held management positions in South Africa, Australia and the UK.

Mr. Kenyon-Slaney spent his early career at Rio Tinto in marketing and operational roles in the uranium, copper and industrial minerals business. In 2004, he was appointed chief executive of Energy Resources of Australia, and prior to his current role, became managing director of Rio Tinto Iron & Titanium in 2007.

Rio Tinto Iron Ore International Operations president Alan Davies will be the new Diamonds & Minerals chief executive from September 1, 2012, based in London, and will join the Executive Committee.

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