Shuffling the deck: Rio Tinto mixes up leadership team
Stephen McIntosh will succeed Greg Lilleyman, who will leave the company after 25 years of servic...
Rio Tinto has announced a major managerial reshuffle.
Stephen McIntosh will succeed Greg Lilleyman, who will leave the company after 25 years of service, as the acting Group executive, Technology & Innovation.
Rio Tinto chief executive Sam Walsh said: “Stephen is a highly respected member of Rio Tinto’s senior leadership ranks and brings to his new role a breadth of experience across multiple commodities and geographies. For a long time now, our T&I function has provided a point of strategic differentiation for Rio Tinto and Stephen will spearhead the Group’s drive for further productivity improvement across the business.”
Lilleyman made a significant contribution to the development of the company’s Pilbara operations, where he has spent the majority of his time with the business. He also held senior operational roles in the Hunter Valley of NSW and Canada.
Walsh added: “Greg has had a long career with Rio Tinto and played an important role in the development of our industry leading Mine of the Future™ programme in our Pilbara iron ore operations and has led our productivity drive. We wish him well for the future.”
McIntosh has been with Rio Tinto for almost 30 years working on projects in more than 45 countries spanning the A-Z of minerals and metals. Most recently, he was head of Exploration, leading a 450-strong global team of employees operating in 20 countries.
Prior to this, McIntosh led Rio Tinto’s Project Generation Group for six years and transformed its activities to build a world-leading team of commodity, technical and ore body knowledge experts.
More information on Rio Tinto’s executive can be found at:www.riotinto.com/aboutus/executive-committee
Read the May 2016 issue of Mining Global magazine
People Moves: Peter Cunningham appointed Rio Tinto CFO
Rio Tinto has appointed Peter Cunningham as Chief Financial Officer (CFO) with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the same time.
Peter Cunningham appointed Rio Tinto CFO
Peter Cunningham was previously Group Controller and has held a number of senior financial and non-financial leadership positions across Rio Tinto in Australia and the UK. In a career spanning 28 years with Rio Tinto, he has held roles including Global Head of Health, Safety, Environment & Communities; Head of Energy and Climate Strategy; and Head of Investor Relations.
Prior to joining Rio Tinto, Peter qualified as a chartered accountant.
Rio Tinto CEO Jakob Stausholm commented: “I am delighted to confirm Peter in the role and, having worked closely with him for a number of years, I know he is the ideal person to be our Chief Financial Officer. His detailed knowledge of the company and of the financial and non-financial drivers of our industry will be invaluable as we continue to strengthen Rio Tinto.”
Rio Tinto Chairman Simon Thompson added: "I look forward to Peter joining the Rio Tinto Board and know from experience that his deep understanding of Rio Tinto and commitment to disciplined capital allocation will serve shareholders well and enrich our Board discussions.”
Rio Tinto aiming for net zero by 2050
Rio Tinto is aiming to reach net zero emissions across its operations by 2050. Across the company, it is targeting a 15% reduction in absolute emissions and a 30% reduction in emissions intensity by 2030, from a 2018 baseline.
Aluminium is found in everything from cars to phones. But one of the challenges of producing this essential material responsibly is finding ways to decarbonise the process.
Part of the reason is creating alumina – the main ingredient in aluminium – takes a lot of energy, which in turn creates greenhouse gas emissions. New technologies will be essential to helping reduce emissions, but many haven’t been proven. And some not yet even discovered. Rio Tinto is partnering with the Australian Renewable Energy Agency (ARENA)to develop hydrogen energy options and make a positive step towards these goals.