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Rio Tinto PLC CEO To Step Down-Reuters

Thursday, 17 Jan 2013 02:33am EST 

Reuters reported that Rio Tinto PLC said its Chief Executive would step down after it announced a $14 billion non-cash impairment charge in its 2012 results due to problems in Mozambique and aluminium assets. The group said Tom Albanese would step down as Chief Executive by mutual agreement with the Rio Tinto Board, and he would be replaced by Iron Ore Chief Executive Sam Walsh. 

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1.06 +2.39%
19 Dec 2014