Following the publication on 24 August 2020 of the Board Review
of Cultural Heritage Management (the Board Review),
undertaken in response to the destruction of the Juukan
rockshelters in May 2020, the Board of Rio Tinto has engaged
extensively with shareholders, Traditional Owners, Indigenous
leaders and other stakeholders. While there is general recognition
of the transparency of the Board Review and support for the changes
recommended, significant stakeholders have expressed concerns about
executive accountability for the failings identified.
By mutual agreement, J-S Jacques will step down from his role as
an executive director and Chief Executive of the Group. A process
to identify his successor is underway. J-S will remain in his role
until the appointment of his successor or 31 March 2021, whichever
is earlier. This will ensure business continuity to maintain the
strong performance of the Group’s global operations during
COVID-19.
Chris Salisbury will step down as Chief Executive, Iron Ore with
immediate effect and will leave Rio Tinto on 31 December 2020. Ivan
Vella, currently Managing Director for Rail, Port & Core
Services within Rio Tinto Iron Ore, will replace him on an interim
basis, following a handover period with Chris.
Simone Niven will step down as Group Executive, Corporate
Relations, and will leave the Group on 31 December 2020 after
completing an orderly transition of her responsibilities. As
previously announced, Rio Tinto is establishing a new Social
Performance assurance function, reporting to Mark Davies, Group
Executive, HSE, Technical and Projects, to strengthen oversight of
communities and heritage practices and performance within the
operations.
In order to enhance Board engagement in Australia, Simon McKeon,
non-executive director, is appointed Senior Independent Director,
Rio Tinto Limited with immediate effect. This newly created Board
role will complement the existing Senior Independent Director role,
which will continue to be performed by Sam Laidlaw for Rio Tinto
plc.
Rio Tinto chairman Simon Thompson said: “What happened at Juukan
was wrong and we are determined to ensure that the destruction of a
heritage site of such exceptional archaeological and cultural
significance never occurs again at a Rio Tinto operation. We are
also determined to regain the trust of the Puutu Kunti Kurrama and
Pinikura people and other Traditional Owners. We have listened to
our stakeholders’ concerns that a lack of individual accountability
undermines the Group’s ability to rebuild that trust and to move
forward to implement the changes identified in the Board
Review.”
“I would like to thank J-S for his strong leadership of the
Group since becoming Chief Executive in 2016. During that time, he
has led the best safety performance in Rio Tinto’s history,
simplified the portfolio, divested the Group’s coal assets,
established a clear strategy to address climate change and
generated exceptional shareholder returns. His leadership during
the COVID-19 pandemic, in particular, has been exemplary.
“I would also like to thank Chris and Simone for the
contribution both have made to the success of Rio Tinto over many
years. I know that all three individuals, like the rest of the
Board, deeply regret the destruction of the Juukan
rockshelters.
“I am grateful to Simon for agreeing to assume the new Senior
Independent Director role of Rio Tinto Limited. He is committed, as
I am, to enhancing the Board’s engagement in Australia and working
with stakeholders to deliver the changes set out in the Board
Review.
“Rio Tinto is a financially and operationally robust business
with world-class assets, a clear strategy and outstanding people.
We are determined to learn the lessons from Juukan and to
re-establish our reputation as a leader in communities and heritage
management.”
The separation terms, including the retention of long term
incentive awards, for all three individuals are in line with our
Group Remuneration Policy and their applicable contractual terms.
They will continue to be subject to the financial penalties
previously disclosed in the Board Review. The details of the
separation arrangements will be disclosed as appropriate.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
authorised for release to the market by Rio Tinto’s Group Company
Secretary.
LEI: 213800YOEO5OQ72G2R82 Classification: 3.1 Additional
regulated information required to be disclosed under the laws of a
Member State.
Notes to editors
Ivan Vella has been an integral part of Rio Tinto’s Iron Ore
business for four years in his role as Managing Director Rail, Port
& Core Services. He was previously Chief Operating Officer for
Rio Tinto’s Coal business following a period working in the Copper
product group in Mongolia, where he was Chief Operating Officer of
the Oyu Tolgoi mine. Prior to joining Rio Tinto in 2003, Ivan
worked for Deloitte Consulting.
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