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RIO - Rio Tinto News Story

6575p 34.0  0.5%

Last Trade - 12/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £105.90bn
Enterprise Value £109.75bn
Revenue £31.55bn
Position in Universe 11th / 1826

UPDATE 1-Shell names former BHP boss Mackenzie as chairman

Thu 11th March, 2021 7:31am
(Adds detail)
    By Ron Bousso
    LONDON, March 11 (Reuters) - Royal Dutch Shell  RDSa.L  on
Thursday announced former BHP CEO Andrew Mackenzie as its next
chairman to succeed Charles Holliday who will step down on May
18 after serving six years in the role.
    Mackenzie, who left BHP Group  BHPB.L   BHP.AX  last year
after serving as CEO of the mining group from 2013 to 2019,
joined Shell's board in October 2020. 
    Before that he worked at Rio Tinto  RIO.AX  for three years
following a 22-year career in BP  BP.L , where he held senior
roles in oil and gas exploration, research and development and
chemicals.
    Mackenzie will help CEO Ben van Beurden navigate Shell
through its plans to shift away from oil and gas towards power
trading and low-carbon businesses to sharply reduce greenhouse
emissions by mid-century.
    

 (Reporting by Ron Bousso; editing by Edmund Blair and Jason
Neely)
 ((ron.bousso@thomsonreuters.com; +44 (0) 2075422161; Reuters
Messaging: ron.bousso.reuters.com@reuters.net))
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