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

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Free 6 issue trial then continue to