MELBOURNE–(Business WIRE)–The Board of Rio Tinto has picked Dominic Barton to triumph Simon Thompson as the company’s new Chair. Dominic will join the Board with outcome from 4 April, 2022 and be appointed to the purpose of Chair at the summary of the Rio Tinto Restricted annual general assembly on 5 May possibly 2022. Simon Thompson will phase down as a non-govt director of Rio Tinto and as Chair at that exact same time on 5 Might 2022, acquiring served as Chair for four several years and as a non-govt director due to the fact 2014.
A Ugandan-born Canadian, Dominic expended in excess of 30 several years at McKinsey & Corporation, which includes 9 as the World-wide Controlling Lover and 6 as Asia Chairman. Most not too long ago, he has been Canada’s Ambassador to China considering that 2019. He provides a wealth of world wide business practical experience having recommended customers in a range of industries, including banking, customer merchandise, high tech and industrials, as nicely as a deep perception of geopolitics, corporate sustainability and governance.
Dominic’s past corporate governance perform consists of getting Chair of Teck Methods, a non-govt director at Singtel Team and a non-executive director at Investor AB. He has held various general public sector leadership positions, which include Chair of Canada’s Advisory Council for Financial Expansion and Chair of the Global Advisory Committee to the President of South Korea on Countrywide Foreseeable future and Vision. His business acumen and general public sector insights position him to supply critical guidance and oversight to Rio Tinto’s management team through a pivotal time for the corporation.
Dominic claimed, “It is a terrific honour to triumph Simon as Chair of Rio Tinto. Returning to the personal sector, I am psyched to be a part of a firm with environment-class people and property as it navigates a shifting competitive landscape and seeks to emerge as a leader in the local weather transition. I seem forward to functioning with Jakob and the Board to employ a approach that puts decarbonisation at the coronary heart of the enterprise and positions Rio Tinto to be a chief in addressing intricate international difficulties, even though creating and sustaining trust with host communities.”
Jakob Stausholm, Rio Tinto Main Govt, claimed, “I am delighted with the option of Dominic, who I consider provides precisely the competencies and ordeals that we in Rio Tinto will need. I am actually wanting forward to doing work with Dominic in our exertion to proceed to improve Rio Tinto, in unique drawing on his prosperity of practical experience throughout Asia in the two a company and diplomatic ability. I would like to thank Simon for his perseverance to Rio Tinto and the support and counsel he has supplied, and continues to offer, to me through a interval of transformative modify.”
The look for for the new Chair was jointly led by Sam Laidlaw, senior impartial director of Rio Tinto plc, and Simon McKeon, senior independent director of Rio Tinto Restricted. The system included discussions with a cross-area of the company’s shareholders in relation to the characteristics, knowledge and competencies they anticipated in the new Chair. These involved verified working experience of taking care of hugely intricate, cross-border interactions with many stakeholders a sturdy track file of working in Asia and emerging markets a determination to the greatest ESG criteria and a proven skill to guide a Board and act as a mentor to the Govt group.
Sam Laidlaw mentioned, “The Board is delighted to have appointed these kinds of an outstanding individual and I know Dominic will direct the Rio Tinto Board with difference. He has an impressive monitor-record, with extensive and wide small business and diplomatic expertise and a deep understanding of the connection amongst small business, governments and culture. On behalf of the Board, I welcome him to Rio Tinto.”
Rio Tinto confirms that there are no issues to be disclosed pursuant to Rule 9.6.13(1) – (6) of the Listing Rules of the United kingdom Listing Authority.
Classification: 3.1. Additional regulated information and facts essential to be disclosed below the rules of a Member Point out.
This announcement is authorised for launch to the current market by Steve Allen, Rio Tinto’s Team Firm Secretary.