Rio Tinto Chairman: CEO Retains Full Support Of Board
June 05 2009 - 9:09AM
Dow Jones News
Rio Tinto PLC (RTP) Chairman Jan du Plessis said Friday the
Anglo-Australian miner's chief executive retained the board of
directors' full support after the company reversed course on a
strategic tie-up with Aluminum Corp. of China, or Chinalco.
"Tom is a great chief executive," du Plessis said of CEO Tom
Albanese.
Some analysts and investors have questioned Albanese's future at
the company after a series of apparent missteps, including the
purchase of Canadian aluminum producer Alcan at peak-market prices
in 2007 and support for the Chinalco deal, which was deeply
unpopular with some investors.
Company Web site: www.riotinto.com
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347;
jeffrey.sparshott@dowjones.com