We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rio Tinto Plc | LSE:RIO | London | Ordinary Share | GB0007188757 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-73.00 | -1.36% | 5,313.00 | 5,311.00 | 5,314.00 | 5,357.00 | 5,310.00 | 5,340.00 | 160,801 | 08:31:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 54.86B | 10.06B | 6.1815 | 8.71 | 87.64B |
TIDMRIO
RNS Number : 0322G
Rio Tinto PLC
26 February 2015
Rio Tinto streamlines organisational structure to drive greater value
27 February 2015
Rio Tinto is streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs.
Under the new arrangements, Rio Tinto's world-class portfolio of assets will be condensed into four product groups: Aluminium, Copper and Coal, Diamonds and Minerals, and Iron Ore.
The new Copper and Coal product group will bring Rio Tinto's coal operations alongside the existing Copper portfolio. Copper chief executive Jean-Sébastien Jacques will lead the combined product group.
Uranium will be added to the Diamonds and Minerals product group, under the leadership of product group chief executive Alan Davies.
As a consequence of the restructuring, Energy chief executive Harry Kenyon-Slaney will leave the business.
The Aluminium and Iron Ore product groups remain unchanged.
A number of key corporate functions will also be reshaped to further reduce costs and improve effectiveness as part of an ongoing optimisation programme.
Rio Tinto chief executive Sam Walsh said "These changes are part of our continuing business transformation to reduce costs, simplify and strengthen our company and deliver sustainable value for shareholders.
"Our coal and uranium assets remain a part of our world-class portfolio. We will work hard to ensure there is a smooth transition for our colleagues in the Energy product group and continue to maximise efficiencies in our coal and uranium operations.
"I would like to thank Harry for the important contribution he has made during almost 25 years with the Group, including as a colleague on the Executive Committee for the past five years. Harry has my best wishes for the future and my full appreciation for the significant role he has played in his time at Rio Tinto."
The new arrangements come into effect immediately.
Contacts
media.enquiries@riotinto.com
www.riotinto.com
Follow @RioTinto on Twitter
Media Relations, EMEA/Americas Media Relations, Australia/Asia Illtud Harri Ben Mitchell T +44 20 7781 1152 T +61 3 9283 3620 M +44 7920 503 600 M +61 419 850 212 David Outhwaite Bruce Tobin T +44 20 7781 1623 T +61 3 9283 3612 M +44 7787 597 493 M +61 419 103 454 David Luff Matthew Klar T + 44 20 7781 1177 T +61 7 3625 4244 M + 44 7780 226 422 M +61 457 525 578 Investor Relations, EMEA/Americas Investor Relations, Australia/Asia John Smelt Rachel Storrs T +44 20 7781 1654 T +61 3 9283 3628 M +44 7879 642 675 M +61 417 401 018 David Ovington Galina Rogova T +44 20 7781 2051 T +86 21 6103 3550 M +44 7920 010 978 M +86 152 2118 3942 Grant Donald T +44 20 7781 1262 M +44 7920 587 805 Rio Tinto plc Rio Tinto Limited 2 Eastbourne Terrace 120 Collins Street London W2 6LG Melbourne 3000 United Kingdom Australia T +44 20 7781 2000 T +61 3 9283 3333 Registered in England Registered in Australia No. 719885 ABN 96 004 458 404
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRBQLLLELFEBBV
1 Year Rio Tinto Chart |
1 Month Rio Tinto Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions