MELBOURNE–(Small business WIRE)–The Board of Rio Tinto has selected Dominic Barton to be successful Simon Thompson as the company’s new Chair. Dominic will be part of the Board with result from 4 April, 2022 and be appointed to the purpose of Chair at the conclusion of the Rio Tinto Limited yearly standard assembly on 5 May possibly 2022. Simon Thompson will phase down as a non-govt director of Rio Tinto and as Chair at that similar time on 5 May 2022, obtaining served as Chair for 4 a long time and as a non-govt director due to the fact 2014.
A Ugandan-born Canadian, Dominic put in more than 30 decades at McKinsey & Enterprise, which include 9 as the World-wide Handling Partner and six as Asia Chairman. Most not too long ago, he has been Canada’s Ambassador to China given that 2019. He provides a wealth of worldwide business practical experience having encouraged clientele in a range of industries, which include banking, customer goods, superior tech and industrials, as perfectly as a deep insight of geopolitics, company sustainability and governance.
Dominic’s earlier corporate governance operate contains staying Chair of Teck Assets, a non-executive director at Singtel Team and a non-executive director at Investor AB. He has held a variety of public sector leadership positions, which includes Chair of Canada’s Advisory Council for Financial Progress and Chair of the Worldwide Advisory Committee to the President of South Korea on Countrywide Potential and Vision. His enterprise acumen and community sector insights situation him to deliver essential steerage and oversight to Rio Tinto’s management group throughout a pivotal time for the enterprise.
Dominic stated, “It is a wonderful honour to realize success Simon as Chair of Rio Tinto. Returning to the non-public sector, I am energized to be part of a company with planet-course men and women and property as it navigates a shifting aggressive landscape and seeks to emerge as a leader in the local weather changeover. I search forward to functioning with Jakob and the Board to put into action a approach that puts decarbonisation at the coronary heart of the company and positions Rio Tinto to be a leader in addressing complex international issues, while making and sustaining belief with host communities.”
Jakob Stausholm, Rio Tinto Main Government, explained, “I am delighted with the decision of Dominic, who I believe that provides exactly the techniques and activities that we in Rio Tinto will need. I am really seeking ahead to doing work with Dominic in our effort and hard work to keep on to reinforce Rio Tinto, in individual drawing on his prosperity of knowledge throughout Asia in the two a company and diplomatic capacity. I would like to thank Simon for his dedication to Rio Tinto and the aid and counsel he has offered, and carries on to present, to me throughout a period of time of transformative transform.”
The search for the new Chair was jointly led by Sam Laidlaw, senior independent director of Rio Tinto plc, and Simon McKeon, senior unbiased director of Rio Tinto Constrained. The procedure included discussions with a cross-segment of the company’s shareholders in relation to the attributes, knowledge and skills they predicted in the new Chair. These included established knowledge of handling remarkably complex, cross-border associations with various stakeholders a powerful keep track of record of doing work in Asia and rising markets a commitment to the optimum ESG standards and a verified capability to guide a Board and act as a mentor to the Government workforce.
Sam Laidlaw reported, “The Board is delighted to have appointed these an superb particular person and I know Dominic will direct the Rio Tinto Board with distinction. He has an extraordinary observe-history, with in depth and wide business enterprise and diplomatic information and a deep understanding of the hyperlink amongst small business, governments and modern society. On behalf of the Board, I welcome him to Rio Tinto.”
Rio Tinto confirms that there are no matters to be disclosed pursuant to Rule 9.6.13(1) – (6) of the Listing Policies of the United kingdom Listing Authority.
Classification: 3.1. Further regulated details needed to be disclosed underneath the rules of a Member State.
This announcement is authorised for launch to the current market by Steve Allen, Rio Tinto’s Team Business Secretary.