Rio adds to board

2nd July 2020 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH ( – Diversified major Rio Tinto has added a strategy and development role to its executive committee, with Peter Toth appointed as a group executive.

The new role will be focused on leading Rio’s transformation efforts around portfolio, climate change, and closure, working in partnership with the product group and commercial teams. He will also assume responsibility for Rio Tinto Exploration and Ventures.

Meanwhile, Stephen McIntosh, group executive of growth, innovation and health, safety and environment (HSE) will retire on September 30, after more than 30 years with Rio.

Mark Davies will assume the role of group executive, safety, technical and projects, with a focus on maintaining the company’s longstanding commitment to safety, health and environment, while further building on the company’s efforts in technology and project delivery to support operational excellence in the years ahead.

Both Toth and Davies will join the Rio Tinto executive committee on October 1, reporting to CEO Jean-Sebastian Jacques.

“We remain committed to strong performance, disciplined capital allocation and a focus on value over volume as we transform our business to make the most of future opportunities in an increasingly complex world. With Toth and Davies joining the executive team we will enhance our focus in areas that will be absolutely vital for Rio Tinto’s future performance and success – strategy, technology and climate change. I welcome them both to our team,” said Jacques.

“As we welcome our new team members we also say goodbye to Steve, who has significantly contributed to our company over many decades. We are very grateful for his support and leadership in areas from exploration to innovation. We thank him for his commitment and I wish Steve and his family all the very best for the future.”