Sam Walsh, Chief executive, Rio Tinto Iron Ore, has been appointed to the boards of Rio Tinto plc and Rio Tinto Limited as an executive director, effective immediately.
It has also been announced today that Rio Tinto has agreed with BHP Billiton to establish a production joint venture covering the entirety of both companies’ Western Australian iron ore assets. Sam Walsh will become the initial chairman of the non-executive owners’ council of the joint venture, as set out in that announcement. Aged 59, he has been chief executive of Rio Tinto’s Iron Ore group since 2004. He joined Rio Tinto in 1991 and has held a number of management positions within the group, including chief executive of the Aluminium Group from 2001 to 2004.
Jan du Plessis, Rio Tinto chairman, said: "I am very pleased to welcome Sam to the Rio Tinto boards. Sam’s election is a fitting recognition of his excellent leadership of, and contribution to, the success of our iron ore group, and the wealth of experience within our business that he brings to the table.”