The new boss of Rio Tinto has shaken up the miner’s operations and leadership team.
The firm will review the future of two smaller divisions – borates, which supplies the detergent industry, and iron and titanium – and will reorganise the business into three core units: iron ore; aluminium and lithium; and copper.
It comes days after the appointment of Simon Trott as chief executive, replacing Jakob Stausholm.
Trott said: “A simplified business structure, grounded in our fundamental commitment to safety and with sharper focus on the most compelling opportunities we have, will enable us to deliver new standards of operational excellence and value creation.
“It will bring greater accountability and focus to our teams, underpinned by a more disciplined approach to operational performance and capital investment.”
As part of the overhaul, Rio Tinto will bring all its iron ore operations into one consolidated division led by Matthew Holcz.
Shake-up: New Rio Tinto chief exec Simon Trott (pictured) said the shake-up will drive ‘great accountability and focus’, amid pressure to cut costs and improve value
A shake-up of the leadership team will also see additional roles for Jerome Pecresse and Bold Baatar.
However, Sinead Kaufman, the boss of Rio Tinto’s minerals business, will leave the company later this year.
It also said it will end the role of Australia chief executive, which is currently held by Kellie Parker.
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