Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

4,916.00p
   
  • Change Today:
    -88.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.59m
  • Volume: 1,761,474
  • Market Cap: £61,577m
  • RiskGrade: 142

Rio Tinto appoints new chief commercial officer

By Josh White

Date: Monday 08 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Mining giant Rio Tinto announced the appointment of Bold Baatar to the position of chief commercial officer on Monday, responsible for overseeing its commercial and business development operations globally.
The FTSE 100 company said Baatar would succeed Alf Barrios, who had decided to retire from Rio Tinto.

Currently serving as chief executive of copper, Baatar would bring much experience to his new role, starting to lead business development immediately and officially assuming the position of CCO on 1 September, relocating to Singapore for the role.

The successor for his position as copper CEO would be named in the near future.

To enable a seamless transition, Barrios would continue serving as CCO until the end of August.

After that, he would assume the role of chair for China, Japan, and Korea, and maintain membership in the executive committee, until his retirement at the end of 2024.

Baatar's responsibilities as CCO would include overseeing Rio Tinto's commercial organisation, including sales and marketing, procurement, marine, and logistics activities.

He would also lead its business development efforts and maintain his role as the executive committee lead for Guinea, where he would continue to manage relationships with joint venture partners on the Simandou project.

"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," said Rio Tinto chief executive Jakob Stausholm.

"He brings deep experience across geographies, commodities, and markets - and combines strong business development expertise with a focus on developing world class relationships."

Bold Baatar said he was "thrilled" to be taking on his new role at a time when Rio Tinto had "so much opportunity" to deliver value for 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."

At 0840 BST, shares in Rio Tinto Group were up 2.48% at 5,097.64p.

Reporting by Josh White for Sharecst.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 4,916.00p
Change Today -88.00p
% Change -1.76 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 1,761,474
Shares Issued 1,252.59m
Market Cap £61,577m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.51% above the market average82.51% above the market average82.51% above the market average82.51% above the market average82.51% above the market average
69.47% above the sector average69.47% above the sector average69.47% above the sector average69.47% above the sector average69.47% above the sector average
Price Trend
18.59% below the market average18.59% below the market average18.59% below the market average18.59% below the market average18.59% below the market average
17.99% above the sector average17.99% above the sector average17.99% above the sector average17.99% above the sector average17.99% above the sector average
Income
93.15% above the market average93.15% above the market average93.15% above the market average93.15% above the market average93.15% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average
66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average

What The Brokers Say

Strong Buy 5
Buy 8
Neutral 7
Sell 1
Strong Sell 0
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 18-Apr-24 21-Sep-23
Amount 258.00¢ 177.00¢

Trades for 19-Jul-2024

Time Volume / Share Price
16:21 3 @ 4,914.00p
16:11 1 @ 4,912.00p
16:17 0 @ 4,914.50p
16:14 0 @ 4,910.00p
15:34 0 @ 4,904.50p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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