REG - Rio Tinto - Bold Baatar appointed as Chief Commercial Officer

Rio TintoAnnouncement

08/04/2024 07:15

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RNS Number : 6097J  Rio Tinto PLC  08 April 2024

 

Notice to
ASX/LSE

 

Rio Tinto appoints Bold Baatar as Chief Commercial Officer

 

8 April 2024

 

Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer,
to lead the Group's commercial and business development activities globally.
Bold will succeed Alf Barrios as Chief Commercial Officer, following his
decision to retire from Rio Tinto.

 

Bold, who is currently Chief Executive Copper, will take on accountability for
business development immediately, and will relocate to Singapore to take up
the role of Chief Commercial Officer on 1 September 2024. His successor as
Chief Executive Copper will be announced in due course.

 

In order to ensure a smooth transition, Alf will continue in his role as Chief
Commercial Officer until the end of August, and thereafter as Chair for China,
Japan and Korea, and Executive Committee member, until his retirement at the
end of 2024.

 

In his new role, Bold will lead Rio Tinto's commercial organisation,
accountable for sales and marketing, procurement, marine, and logistics
activities. He will also take on leadership for business development for the
Group and maintain his role as Executive Committee lead for Guinea, continuing
to lead Rio Tinto's relationships with its joint venture partners on the
Simandou project.

 

Rio Tinto Chief Executive Jakob Stausholm said: "Bold is ideally suited to
help deliver our strategy of building a stronger Rio Tinto for the future and
growing with discipline, as he leads our commercial and business development
activities. He brings deep experience across geographies, commodities, and
markets - and combines strong business development expertise with a focus on
developing world class relationships. I look forward to seeing how his
leadership will help us to create both value and growth."

 

"I would like to extend our sincere thanks to Alf for his broad and
significant contribution over a decade of service as an Executive Committee
member at Rio Tinto. Alf strategically repositioned a number of Rio Tinto's
business areas, delivering significant improvements in safety, operational and
financial performance during his seven years leading our Aluminium business,
and over three years in Commercial and as Chair for China, Japan and Korea."

 

Bold Baatar said: "I am thrilled to be taking on my new role at a time when
Rio Tinto has so much opportunity to deliver value for our shareholders,
customers and partners through the innovation and growth needed to reach net
zero. By being ambitious together, we can find new and better ways to create
shared value."

 

Alf Barrios said: "It has been an absolute privilege to have worked for over
ten years in Rio Tinto with such caring, talented and committed colleagues,
and in partnership with external stakeholders to drive safety and performance
improvements and unlock value together. I look forward to seeing Rio continue
to play an important part in finding better ways to provide the materials the
world needs."

 

Bold joined Rio Tinto in 2013 and has been an Executive Committee member since
December 2016. In his time at Rio Tinto he has held diverse leadership
positions across both product group and commercial teams. He was appointed
Chief Executive Copper in February 2021 and prior to this, led the Energy
& Minerals product group.

Alf was appointed Chief Commercial Officer and Chair for China, Japan and
Korea in 2021. He joined Rio Tinto in 2014 as Chief Executive Aluminium and
has had over 30 years' global experience in the resources sector across
operations, marketing, trading, and business development.

 

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

 

 Media Relations,        Media Relations,               Media Relations,
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 Menno Sanderse          Tom Gallop

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 Laura Brooks

 M +44 7826 942 797

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         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 announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

LEI: 213800YOEO5OQ72G2R82

 

 

 

 

 

 

 

 

riotinto.com

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