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,
United Kingdom
Matthew
Klar
M
+44 7796 630 637
David
Outhwaite
M
+44 7787 597 493
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Media Relations,
Australia
Matt
Chambers
M
+61 433 525 739
Jesse
Riseborough
M
+61 436 653 412
Alyesha Anderson
M +61 434 868 118
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Media Relations,
Americas
Simon
Letendre
M
+1 514 796 4973
Malika
Cherry
M
+1 418 592 7293
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Investor Relations,
United Kingdom
Menno
Sanderse
M
+44 7825 195 178
David
Ovington
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+44 7920 010 978
Laura
Brooks
M
+44 7826 942 797
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Investor Relations,
Australia
Tom
Gallop
M
+61 439 353 948
Amar
Jambaa
M
+61 472 865 948
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Rio Tinto plc
6 St James's Square
London SW1Y 4AD
United Kingdom
T
+44 20 7781 2000
Registered in England
No. 719885
|
Rio Tinto Limited
Level 43, 120 Collins Street
Melbourne 3000
Australia
T
+61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
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This announcement is authorised for release to
the market by Andy Hodges, Rio Tinto's Group Company
Secretary.
LEI: 213800YOEO5OQ72G2R82
riotinto.com