Overview

• Rio Tinto will operate as three core businesses — iron ore, aluminum and lithium, and copper — in a restructure announced three days after Simon Trott became CEO.
• All iron ore operations are being consolidated under Matthew Holcz, integrating Western Australia with Canada and bringing in the Simandou project once completed.
• Jerome Pecresse adds lithium to his aluminum brief, including the Arcadium Lithium assets, while Katie Jackson continues to lead the copper division.
• Borates and the iron and titanium business shift to Chief Commercial Officer Bold Baatar for a strategic review that could result in divestment or closure, with updates to follow.
• Leadership changes include minerals chief Sinead Kaufman leaving at the end of October and the elimination of the Australia CEO role held by Kellie Parker, who will remain through a transition, as Trott also underscores safety after visiting Guinea following a Simandou fatality.