Rio Tinto Executive changes

Rhea-AI Summary

Peter Toth has resigned from his role as Group Executive, Strategy and Development at Rio Tinto. He has been with the company for seven years, contributing significantly to corporate strategy and climate initiatives. Toth will leave the company completely on April 5, 2022, after remaining in an advisory role until the end of 2021. Following his departure, his responsibilities will be redistributed among current executives. Rio Tinto CEO Jakob Stausholm acknowledged Toth's contributions and wished him success in his future endeavors.

Positive

• Key figure in corporate strategy and climate change initiatives during tenure.
• Smooth transition as responsibilities will be managed by existing executives.

Negative

• Loss of a key executive could lead to disruptions in ongoing strategic projects.

MELBOURNE, Australia--(BUSINESS WIRE)-- Peter Toth, Group executive, Strategy and Development, has accepted a new position outside of Rio Tinto.

Rio Tinto Chief Executive Jakob Stausholm said “During Peter’s seven years with Rio Tinto, he has played a key role in shaping our corporate strategy, executing our portfolio restructure, and guiding our approach to climate change. We thank him for his contribution and wish him every success for the future.”

Peter has stepped down from the Group’s executive committee with immediate effect and his responsibilities will be divided between current executives. He will remain in an advisory role until the end of 2021 and leave the company on 5 April 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018006012/en/

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK

Illtud Harri

M +44 7920 503 600

David Outhwaite

M +44 7787 597 493

Media Relations, Americas

Matthew Klar

T +1 514 608 4429

Investor Relations, UK

Menno Sanderse

M: +44 7825 195 178

David Ovington

M +44 7920 010 978

Clare Peever

M +44 7788 967 877

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2000

Registered in England

No. 719885

Media Relations, Australia

Jonathan Rose

M +61 447 028 913

Matt Chambers

M +61 433 525 739

Jesse Riseborough

M +61 436 653 412

Investor Relations, Australia

Natalie Worley

M +61 409 210 462

Amar Jambaa

M +61 472 865 948

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

riotinto.com

Category: General

Source: Rio Tinto

FAQ

Why did Peter Toth leave <b>Rio Tinto</b>?

Peter Toth accepted a new position outside of Rio Tinto after serving for seven years.

When will Peter Toth officially leave <b>Rio Tinto</b>?

Peter Toth will fully leave Rio Tinto on April 5, 2022.

What was Peter Toth's role at <b>Rio Tinto</b>?

Peter Toth was the Group Executive for Strategy and Development.

How will Peter Toth's responsibilities be handled after his departure?

His responsibilities will be divided among current executives at Rio Tinto.