Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters
11 September 2020 - 10:35AM
Dow Jones News
By David Winning
SYDNEY -- Rio Tinto PLC said its chief executive would step down
as it battles to contain the fallout from the destruction of two
ancient rock shelters in northwestern Australia's minerals-rich
Pilbara region that were culturally significant to a local
indigenous group.
Rio Tinto said Jean-Sébastien Jacques would leave the company no
later than March 31 after more than four years as chief executive,
bowing to pressure from investors for its senior leaders to be held
accountable for the destruction of the caves at Juukan Gorge on May
24.
Rio Tinto, the world's second-largest listed mining company by
market value, said a search for a new chief executive is under way
and Mr. Jacques would go sooner than March 31 if a successor is
found.
Rio Tinto said two other senior executives, including the head
of its iron-ore division, would also leave the company at the end
of this year.
(END) Dow Jones Newswires
September 10, 2020 20:20 ET (00:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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