Rio Tinto Picks Thompson for Chairman as Investors Seek Discipline
JOHANNESBURG (Capital Markets in Africa) – Rio Tinto Group named industry veteran Simon Thompsonas chairman after shareholders rejected a plan to install a renowned dealmaker — reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive director at Anglo American Plc, will succeed Jan du Plessis from March 5, London-based Rio said Monday in a statement. Du Plessis, who’s held the post since 2009, is stepping down after taking up…
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