22 Apr 2018
DiamondWorld Directory
Home |
News
Home
Rio Tinto appoints Simon Thompson as new chairman
Thompson who joined the Rio Tinto board as a non-executive director in 2014, will become chairman on 5 March 2018.
By: Diamond World News Service
|
Dec 6 2017 4:04PM
|
Reference: 15887  

DecreaseIncrease

Rio Tinto has appointed Simon Thompson as chairman. Thompson, who joined the Rio Tinto board as a non-executive director in 2014, will become chairman on 5 March 2018. He succeeds Jan du Plessis who will step down as chairman and from the Rio Tinto board on the same date after serving almost nine years as chairman.

Thompson has over 20 years’ experience working across five continents in the mining and metals industry. From 1995 to 2007, he worked for the Anglo American group, holding a number of senior positions, including executive director of Anglo American plc, chief executive of the Base Metals Division, chairman of the Exploration Division, and chairman of Tarmac. His experience as a non-executive director includes serving on the boards of AngloGold Ashanti, Rusal and Newmont Mining Corporation.

Thompson has been chairman of 3i Group plc since 2015 and was chairman of Tullow Oil plc from 2012 to 2017. Earlier in his career, he held investment banking positions at S.G. Warburg and N M Rothschild.

Rio Tinto senior independent director Ann Godbehere said “The Rio Tinto board would like to thank Jan for his significant contribution as chairman of Rio Tinto. He led the board during considerable transformation of the company.

“The board is delighted to have appointed Simon to chair Rio Tinto. He brings to the role a deep understanding of the mining industry, as well as a strong track record as a non-executive.”

Simon Thompson said “I am honoured to accept this role and to succeed Jan as chairman. Rio Tinto is in great shape, with a strong management team, world-class assets and a successful strategy. I look forward to leading the board as we work with J-S and his team to ensure that Rio Tinto continues to deliver superior returns for its shareholders by maintaining its capital discipline and ‘value-over-volume’ approach”.

Rio Tinto chairman Jan du Plessis said "I am really pleased to be succeeded by Simon, especially given how closely we have worked together since he joined the board some three years ago. I wish him the very best. I am handing over the baton at a time when the business is in great shape and Rio Tinto has the strongest balance sheet in the sector”.

Upon assuming the role of chairman, Thompson will step down as chairman of the Rio Tinto remuneration committee and will also cease to be a member of the audit committee. Sam Laidlaw, who previously chaired the remuneration committee at HSBC Holdings plc, will succeed Thompson as chair of the Rio Tinto remuneration committee with effect from 5 March 2018.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Sort by: 
 Newest 
 | 
 | 
 | 
 Agree 
 | 
NEDonBoard
(United Kingdom)
Congratulations to Simon Thompson. On behalf of NEDonBoard, The Professional Body for NEDs & Board Members.
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2018
AVAILABLE NOW...!
News in Pictures
Videos
Bharat Diamond Sports League
Pictures: 10
Hong Kong Show 2018
Pictures: 21
11th Signature IIJS 2018
Pictures: 65
VOD DUBAI INTERNATIONAL JEWELLERY SHOW 2017
Pictures: 60
35th Hong Kong Jewellery & Gem Fair
Pictures: 16
Week in Photos – 14 to 19 August 2017
Pictures: 8
India International Jewellery Show 2017
Pictures: 16
Basel World 2017
Pictures: 31
GJEPC 50 years celebration
Pictures: 8
Mines to Market Conference 2017
Pictures: 28
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 9839
GJEPC Chairman Interview
Views: 8834
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 15377
Promo for IJ Awards 2012 at NDTV Profit
Views: 25838
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 28801
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 7607
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 27482
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 26844
Advertisement
Kiran Gems
Advertisement
Carat+
Member of:
Supporter of: