Rio Tinto has appointed the Australian-born boss of its powerhouse iron ore division, Simon Trott, to succeed Jakob Stausholm as chief executive.
Rio chairman Dominic Barton announced the move on Tuesday, saying he and the board agreed the company could unlock “significant value” from its existing portfolio by improving operational performance and lowering costs.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
