Rio Tinto appoints new Iron Ore Chief Executive

Rio Tinto announced on Thursday the appointment of Andrew Harding as Iron Ore Chief Executive.

Rio Tinto announced on Thursday the appointment of Andrew Harding as Iron Ore Chief Executive.

Harding, former Copper Chief Executive, succeeds Sam Walsh who stepped up as Chief Executive of the mining giant last month. He will be based in Perth, Western Australia.

Former Copper President of International Operations, Jean-Sebastien Jacques, will take over from Harding.

"These two appointments strengthen our senior management team and are in line with our strategy of developing the next generation of talented Rio Tinto leaders," Walsh said in a statement.

"Andrew's experience across a range of Rio Tinto businesses and countries and his three years on the executive committee mean he is ideally placed to run the highest-earning business in the group.

"He has done an excellent job leading the copper product group including taking Oyu Tolgoi from the drawing board to an operational mine on the verge of commercial production."

Harding began his career in Rio in the Iron Ore business in Pilbara in 1992 and has also held a range of positions in technology and innovation, energy and aluminium. He spent three years as chief executive of Rio Tinto's copper product group, based in London, responsible for mines including the Oyu Tolgoi copper-gold mine in Mongolia.

Jacques has been with Rio Tinto for just over a year and brings experience in the steel and aluminium industries in Mongolia, Australia and South Africa.

"He will be an excellent addition to our executive team," Walsh added.

RD

Recommended

Ocado faces a “crunch” year – should you buy or avoid?
Share tips

Ocado faces a “crunch” year – should you buy or avoid?

Ocado was one of the big winners from the pandemic as customers moved online. But now it’s struggling, and losses are growing. So, asks Rupert Hargrea…
27 May 2022
What to buy as the tech-stock bull market crashes
Tech stocks

What to buy as the tech-stock bull market crashes

The decade-long bull market in tech stocks has come to a rapid halt. Investors need to distinguish solid stocks from speculative ones rather than just…
27 May 2022
Share tips of the week – 27 May
Share tips

Share tips of the week – 27 May

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
27 May 2022
Marks & Spencer shares look cheap – should you buy in?
Retail stocks

Marks & Spencer shares look cheap – should you buy in?

Marks & Spencer shares have been a disappointment for investors for two decades. But with the company now on something of a comeback, Rupert Hargreave…
25 May 2022

Most Popular

The world’s hottest housing markets are faltering – is the UK next?
House prices

The world’s hottest housing markets are faltering – is the UK next?

As interest rates rise, house prices in the world’s most overpriced markets are starting to fall. The UK’s turn will come, says John Stepek. But will …
23 May 2022
Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?
Investment trusts

Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?

After a spectacular couple of decades, the Scottish Mortgage Investment Trust has fallen by almost 45% so far this year. Rupert Hargreaves asks if no…
26 May 2022
Is it time to pick up growth stock bargains yet?
Investment strategy

Is it time to pick up growth stock bargains yet?

If you’re thinking of picking up some bargains from the tech stock crash, beware – there are still plenty of “growth traps” out there. John Stepek exp…
26 May 2022