Rio Tinto confirms Peter Cunningham as Chief Financial Officer
MELBOURNE, Jun 17, 2021–(Small business WIRE)–Rio Tinto has appointed Peter Cunningham as Main Fiscal Officer with instant influence. Peter, who has been Interim Main Monetary Officer considering that 1 January 2021, will also be part of the Rio Tinto Board as an executive director at the exact time.
Peter was previously Team Controller and has held a quantity of senior money and non-financial management positions across Rio Tinto in Australia and the British isles. In a occupation spanning 28 many years with Rio Tinto, he has held roles which include International Head of Wellness, Security, Natural environment & Communities Head of Electricity and Local climate Approach and Head of Investor Relations. Prior to signing up for Rio Tinto, Peter capable as a chartered accountant.
Rio Tinto main executive Jakob Stausholm stated “I am delighted to affirm Peter in the function and, having labored intently with him for a quantity of a long time, I know he is the best person to be our Main Financial Officer. His specific awareness of the business and of the financial and non-money drivers of our market will be priceless as we continue to fortify Rio Tinto.”
Rio Tinto chairman Simon Thompson reported “I search ahead to Peter becoming a member of the Rio Tinto Board and know from working experience that his deep understanding of Rio Tinto and commitment to disciplined money allocation will serve shareholders perfectly and enrich our Board discussions.”
Rio Tinto confirms that there are no matters to be disclosed pursuant to Rule 9.6.13(1)-(6) of the Listing Regulations of the United kingdom Listing Authority.
Classification: 3.1. Added controlled info needed to be disclosed beneath the rules of a Member Point out.
Notes to editors
Peter Cunningham will be issued a conventional Rio Tinto govt deal, which features a 12-month discover period of time. The remuneration package deal is in line with our Remuneration Plan permitted by shareholders in 2021, and is comprised of the subsequent things:
-
A base income of £700,000.
-
Focus on yearly bonus chance at 100 for every cent of base income (with a maximum option of 200 for each cent of base salary).
-
A extensive-term incentive plan award of up to 400 for each cent of base wage with the 1st grant to be built in 2022.
-
A enterprise pension contribution or a dollars allowance in lieu of pension equal to 14 for each cent of base salary.
-
Other rewards will include things like firm presented overall health care protection and eligibility to take part in the all-staff share plans.
-
A bare minimum shareholding requirement of 300 for each cent of foundation salary applies.
Additional detail will be disclosed in the 2021 Directors’ Remuneration Report.
See supply version on businesswire.com: https://www.businesswire.com/news/property/20210616006071/en/
Contacts
Please immediate all enquiries to [email protected]
Media Relations, United kingdom
Illtud Harri
M +44 7920 503 600
David Outhwaite
M +44 7787 597 493
Media Relations, Australia
Jonathan Rose
M +61 447 028 913
Matt Chambers
M +61 433 525 739
Jesse Riseborough
M +61 436 653 412
Media Relations, Americas
Matthew Klar
T +1 514 608 4429
Investor Relations, British isles
Menno Sanderse
M: +44 7825 195 178
David Ovington
M +44 7920 010 978
Clare Peever
M +44 7788 967 877
Trader Relations, Australia
Natalie Worley
M +61 409 210 462
Amar Jambaa
M +61 472 865 948
Rio Tinto plc
6 St James’s Square
London SW1Y 4Advertisement
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885
Rio Tinto Confined
Degree 7, 360 Collins Avenue
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
riotinto.com
Class: standard