REG - Rio Tinto - Dominic Barton to succeed Simon Thompson as Chair

Rio TintoAnnouncement

20/12/2021 07:00

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RNS Number : 1196W  Rio Tinto PLC  20 December 2021

20 December 2021

 

Dominic Barton to succeed Simon Thompson as Chair

The Board of Rio Tinto has selected Dominic Barton to succeed Simon Thompson
as the company's new Chair. Dominic will join the Board with effect from 4
April, 2022 and be appointed to the role of Chair at the conclusion of the Rio
Tinto Limited annual general meeting on 5 May 2022. Simon Thompson will step
down as a non-executive director of Rio Tinto and as Chair at that same time
on 5 May 2022, having served as Chair for four years and as a non-executive
director since 2014.

 

A Ugandan-born Canadian, Dominic spent over 30 years at McKinsey &
Company, including nine as the Global Managing Partner and six as Asia
Chairman. Most recently, he has been Canada's Ambassador to China since 2019.
He brings a wealth of global business experince having advised clients in a
range of industries, including banking, consumer goods, high tech and
industrials, as well as a deep insight of geopolitics, corporate
sustainability and governance.

 

Dominic's previous corporate governance work includes being Chair of Teck
Resources, a non-executive director at Singtel Group and a non-executive
director at Investor AB. He has held various public sector leadership
positions, including Chair of Canada's Advisory Council for Economic Growth
and Chair of the International Advisory Committee to the President of South
Korea on National Future and Vision. His business acumen and public sector
insights position him to provide critical guidance and oversight to Rio
Tinto's leadership team during a pivotal time for the company.

 

Dominic said "It is a great honour to succeed Simon as Chair of Rio Tinto.
Returning to the private sector, I am excited to join a company with
world-class people and assets as it navigates a shifting competitive landscape
and seeks to emerge as a leader in the climate transition. I look forward to
working with Jakob and the Board to implement a strategy that puts
decarbonisation at the heart of the business and positions Rio Tinto to be a
leader in addressing complex global problems, while building and sustaining
trust with host communities."

 

Jakob Stausholm, Rio Tinto Chief Executive, said "I am delighted with the
choice of Dominic, who I believe brings exactly the skills and experiences
that we in Rio Tinto need. I am truly looking forward to working with Dominic
in our effort to continue to strengthen Rio Tinto, in particular drawing on
his wealth of experience across Asia in both a business and diplomatic
capacity. I would like to thank Simon for his dedication to Rio Tinto and the
support and counsel he has provided, and continues to provide, to me during a
period of transformative change."

 

The search for the new Chair was jointly led by Sam Laidlaw, senior
independent director of Rio Tinto plc, and Simon McKeon, senior independent
director of Rio Tinto Limited. The process included discussions with a
cross-section of the company's shareholders in relation to the attributes,
experience and skills they expected in the new Chair. These included proven
experience of managing highly complex, cross-border relationships with
multiple stakeholders; a strong track record of working in Asia and emerging
markets; a commitment to the highest ESG standards; and a proven ability to
lead a Board and act as a mentor to the Executive team.

 

Sam Laidlaw said "The Board is delighted to have appointed such an outstanding
individual and I know Dominic will lead the Rio Tinto Board with distinction.
He has an impressive track-record, with extensive and broad business and
diplomatic knowledge and a deep understanding of the link between business,
governments and society. On behalf of the Board, I welcome him to Rio Tinto."

 

Rio Tinto confirms that there are no matters to be disclosed pursuant to Rule
9.6.13(1) - (6) of the Listing Rules of the UK Listing Authority.

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1. Additional regulated information required to be disclosed
under the laws of a Member State.

 

 

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

 

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                             Investor Relations, Australia

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                             Amar Jambaa

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 Clare Peever

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 Rio Tinto plc               Rio Tinto Limited

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London SW1Y 4AD

United Kingdom             Melbourne 3000

 

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This announcement is authorised for release to the market by Steve Allen, Rio
Tinto's Group Company Secretary.

 

riotinto.com

 

 

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