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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Rio Tinto Group    RIO   AU000000RIO1

RIO TINTO GROUP

(RIO)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 10/20
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Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters

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09/10/2020 | 08:21pm EDT

By David Winning

SYDNEY -- Rio Tinto PLC said its chief executive would step down as it battles to contain the fallout from the destruction of two ancient rock shelters in northwestern Australia's minerals-rich Pilbara region that were culturally significant to a local indigenous group.

Rio Tinto said Jean-Sébastien Jacques would leave the company no later than March 31 after more than four years as chief executive, bowing to pressure from investors for its senior leaders to be held accountable for the destruction of the caves at Juukan Gorge on May 24.

Rio Tinto, the world's second-largest listed mining company by market value, said a search for a new chief executive is under way and Mr. Jacques would go sooner than March 31 if a successor is found.

Rio Tinto said two other senior executives, including the head of its iron-ore division, would also leave the company at the end of this year.

 


Stocks mentioned in the article
ChangeLast1st jan.
NORTHWESTERN CORPORATION 0.18% 50.9 Delayed Quote.-28.98%
RIO TINTO GROUP -1.50% 94.13 End-of-day quote.-6.25%
RIO TINTO PLC -0.38% 4602.5 Delayed Quote.1.93%
SILVER 1.31% 25.0705 Delayed Quote.36.97%
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Financials (USD)
Sales 2020 42 436 M - -
Net income 2020 9 628 M - -
Net Debt 2020 3 564 M - -
P/E ratio 2020 9,53x
Yield 2020 7,33%
Capitalization 98 660 M 98 693 M -
EV / Sales 2020 2,41x
EV / Sales 2021 2,44x
Nbr of Employees 46 000
Free-Float 65,2%
Chart RIO TINTO GROUP
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Technical analysis trends RIO TINTO GROUP
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 64,81 $
Last Close Price 59,46 $
Spread / Highest target 38,0%
Spread / Average Target 8,98%
Spread / Lowest Target -30,4%
EPS Revisions
Managers
NameTitle
Jean-Sébastien Jacques Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Jakob Stausholm Chief Financial Officer & Executive Director
Michael Gerard L'Estrange Independent Non-Executive Director
Megan Clark Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
RIO TINTO GROUP-6.25%98 693
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RIO TINTO PLC1.93%99 614
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