Rio Tinto CFO to retire next year

Rio Tinto's long-standing Chief Financial Officer (CFO) Guy Elliott is to retire at the end of next year, the group announced on Thursday, along with a few other senior management changes.

Elliot has worked for the mining group for 32 years, which includes ten years on the board.

"I would like to thank him on behalf of the board for his invaluable contribution, particularly in recent years as he helped steer the group through the global financial crisis and back to a position of financial strength," said Chairman Jan du Plessis.

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Elliot will continue his role until a successor can be appointed. Chief Executive Officer Tom Albanese said: "I would like to thank him personally for his wise counsel and support and for his commitment to stay with us for another 18 months to ensure a smooth transition."

Meanwhile, Doug Ritchie, the CEO of Rio's Energy division, will take on the London-based new role of group executive Strategy from the start of 2013.

Diamonds and Minerals CEO Harry Kenyon-Slaney will take the Brisbane-based role of Energy CEO from September 2012 onwards.

Lastly, Iron Ore International Operations President Alan Davies will be the new Diamonds and Minerals CEO from September 2012 based in London.

BC