Rio Tinto CEO Sam Walsh retires

Published on: May 2016

By Kylie Williams

After three challenging years at the helm of mining giant Rio Tinto, Sam Walsh will soon retire as chief executive officer. He will be replaced by Jean-S├ębastien Jacques in July.

Walsh took over the top job at the world’s second-largest mining company from predecessor Tom Albanese in January 2013, shortly after Rio Tinto recorded its first annual loss in decades.

Rio Tinto chairman Jan du Plessis credited Walsh with transforming the business against a volatile economic backdrop. During his time as chief executive, Walsh and his team cut over $6 billion in costs, leaving Rio Tinto in a stronger position than when he took on the role.

Read the full article in the Developments section of CIM Magazine (May 2016).