Rio Tinto appoints Bold Baatar as Chief Commercial Officer
April 07 2024 - 6:51PM
Business Wire
Rio Tinto has appointed Bold Baatar to the role of Chief
Commercial Officer, to lead the Group’s commercial and business
development activities globally. Bold will succeed Alf Barrios as
Chief Commercial Officer, following his decision to retire from Rio
Tinto.
Bold, who is currently Chief Executive Copper, will take on
accountability for business development immediately, and will
relocate to Singapore to take up the role of Chief Commercial
Officer on 1 September 2024. His successor as Chief Executive
Copper will be announced in due course.
In order to ensure a smooth transition, Alf will continue in his
role as Chief Commercial Officer until the end of August, and
thereafter as Chair for China, Japan and Korea, and Executive
Committee member, until his retirement at the end of 2024.
In his new role, Bold will lead Rio Tinto’s commercial
organisation, accountable for sales and marketing, procurement,
marine, and logistics activities. He will also take on leadership
for business development for the Group and maintain his role as
Executive Committee lead for Guinea, continuing to lead Rio Tinto’s
relationships with its joint venture partners on the Simandou
project.
Rio Tinto Chief Executive Jakob Stausholm said: "Bold is ideally
suited to help deliver our strategy of building a stronger Rio
Tinto for the future and growing with discipline, as he leads our
commercial and business development activities. He brings deep
experience across geographies, commodities, and markets - and
combines strong business development expertise with a focus on
developing world class relationships. I look forward to seeing how
his leadership will help us to create both value and growth.”
“I would like to extend our sincere thanks to Alf for his broad
and significant contribution over a decade of service as an
Executive Committee member at Rio Tinto. Alf strategically
repositioned a number of Rio Tinto’s business areas, delivering
significant improvements in safety, operational and financial
performance during his seven years leading our Aluminium business,
and over three years in Commercial and as Chair for China, Japan
and Korea.”
Bold Baatar said: “I am thrilled to be taking on my new role at
a time when Rio Tinto has so much opportunity to deliver value for
our shareholders, customers and partners through the innovation and
growth needed to reach net zero. By being ambitious together, we
can find new and better ways to create shared value.”
Alf Barrios said: “It has been an absolute privilege to have
worked for over ten years in Rio Tinto with such caring, talented
and committed colleagues, and in partnership with external
stakeholders to drive safety and performance improvements and
unlock value together. I look forward to seeing Rio continue to
play an important part in finding better ways to provide the
materials the world needs.”
Bold joined Rio Tinto in 2013 and has been an Executive
Committee member since December 2016. In his time at Rio Tinto he
has held diverse leadership positions across both product group and
commercial teams. He was appointed Chief Executive Copper in
February 2021 and prior to this, led the Energy & Minerals
product group.
Alf was appointed Chief Commercial Officer and Chair for China,
Japan and Korea in 2021. He joined Rio Tinto in 2014 as Chief
Executive Aluminium and has had over 30 years’ global experience in
the resources sector across operations, marketing, trading, and
business development.
This announcement is authorised for release to the market by
Andy Hodges, Rio Tinto’s Group Company Secretary.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240407547454/en/
Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, United Kingdom Matthew
Klar M +44 7796 630 637 David Outhwaite M
+44 7787 597 493
Media Relations, Australia Matt Chambers
M +61 433 525 739 Jesse Riseborough M +61 436
653 412 Alyesha Anderson M +61 434 868 118
Media Relations, Americas Simon Letendre
M +1 514 796 4973 Malika Cherry M +1 418 592
7293
Investor Relations, United Kingdom Menno
Sanderse M +44 7825 195 178 David Ovington
M +44 7920 010 978 Laura Brooks M +44 7826 942
797
Investor Relations, Australia Tom Gallop
M +61 439 353 948 Amar Jambaa M +61 472 865
948
Rio Tinto plc 6 St James’s Square London SW1Y 4AD United
Kingdom T +44 20 7781 2000 Registered in England No.
719885
Rio Tinto Limited Level 43, 120 Collins Street Melbourne
3000 Australia T +61 3 9283 3333 Registered in Australia ABN
96 004 458 404
riotinto.com
Category: General
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Aug 2023 to Aug 2024