Form 6-K RIO TINTO PLC For: Oct 23
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 6-K
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�REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
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23 October 2014
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Commission file number: 001-10533 |
Commission file number: 001-34121 |
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Rio Tinto plc |
Rio Tinto Limited |
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ABN 96 004 458 404 |
(Translation of registrant�s name into English) |
(Translation of registrant�s name into English) |
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2 Eastbourne Terrace |
Level 33, 120 Collins Street |
London, W2 6LG, United Kingdom |
Melbourne, Victoria 3000, Australia |
(Address of principal executive offices) |
(Address of principal executive offices) |
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Indicate by check mark whether
the registrant files or will file annual reports under cover of
Form 20-F or
Form 40-F:
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Form 20-F _X_� Form 40-F ___
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Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T
Rule 101(b)(1): ___
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Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T
Rule 101(b)(7): ___
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Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes ___� No _X_
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If "Yes" is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82- ________
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EXHIBITS
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99.1 |
23 October 2014 |
Rio Tinto extends tenure of senior executive team |
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorised.
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Rio Tinto plc |
Rio Tinto Limited |
(Registrant) |
(Registrant) |
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By� /s/� Eleanor Evans��� | |
Name� Eleanor Evans |
Name�� Eleanor Evans |
Title���� Company Secretary |
Title� �� Joint Company Secretary |
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Date�� 23 October 2014 |
23 October 2014 |
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Media Release |
Rio Tinto extends the tenure of senior executive team
23 October 2014
The Rio Tinto board has extended the tenure of chief executive Sam Walsh and chief financial officer Chris Lynch, providing a strong endorsement of their leadership, the Group�s strategy and its focus on driving shareholder value.
Rio Tinto chairman Jan du Plessis said �For quite some time, Sam has made no secret of the fact that he loves his job and would like to continue well beyond next year. Given his performance and his enthusiasm to continue in the role, the decision to extend his tenure has been an easy one for the board. In addition, over the past 18 months, Chris has played a crucial role working with Sam and I am therefore pleased that we have agreed with both of them to replace their fixed term retirement dates with long-term, open-ended commitments to the company.
�Since their appointments early last year, Sam and Chris have led a transformation of the business and established a track record of delivering on their promises. Rio Tinto has increased cash flows from operations, achieved significant operating cash cost improvements, reduced net debt and refocused capital expenditure on projects with the most compelling returns.
�In September, the board met for our annual strategy review session and it is clear we are on a path to generate significant long-term value for shareholders. The board believes Sam and Chris are the best team to lead us into the next phase of the delivery of our strategy.�
Sam Walsh said �I am very pleased to continue as chief executive of this great business with our world-class people and assets. I will be ensuring my executive team and our 60,000-plus employees around the world all remain focussed on continuing to deliver outstanding performance for all of our shareholders, driven by improved safety and productivity, value-enhancing growth and disciplined capital allocation.�
Chris Lynch said �There is no doubt we have made some great progress but we all appreciate the job is far from complete. There will be no complacency as we pursue value and I am looking forward to continuing to work with Sam and the team to further enhance the performance of the business.�
Notes to editors
Mr Walsh and Mr Lynch will transfer to open-ended contracts after Rio Tinto�s annual general meetings in 2015. Mr Walsh�s initial contract was due to end on 31 December 2015 with a break clause from 31 October 2014 and Mr Lynch�s initial contract was due to end on 28 February 2017. They will both move to a rolling contract with no end date and a 12-month notice period. To remain compliant with Rio Tinto�s Remuneration Policy agreed by shareholders at the 2014 annual general meetings, the changes to their respective contract terms will require shareholder approval at the 2015 annual general meetings. Subject to shareholder approval, their revised contract terms will come into effect immediately thereafter. Both Mr Walsh�s and Mr Lynch�s remuneration will remain unchanged.
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Contacts
www.riotinto.com
Follow @RioTinto on Twitter
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Media Relations, EMEA / Americas | Media Relations, Australia / Asia |
Illtud Harri | Ben Mitchell |
T +44 20 7781 1152 | T +61 3 9283 3620 |
M +44 7920 503 600 | M +61 419 850 212 |
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David Outhwaite | Bruce Tobin |
T +44 20 7781 1623 | T +61 3 9283 3612 |
M +44 7787 597 493 | M +61 419 103 454 |
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David Luff | Matthew Klar |
T +44 20 7781 7781 | T +61 7 3625 4244 |
M +44 7780 226 422 | M +61 457 525 578 |
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Investor Relations, EMEA / Americas | Investor Relations, Australia / Asia |
John Smelt | Rachel Storrs |
T +44 20 7781 1654 | T +61 3 9283 3628 |
M +44 7879 642 675 | M +61 417 401 018 |
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David Ovington | Galina Rogova |
T +44 20 7781 2051 | T +852 2839 9208 |
M +44 7920 010 978 | M +852 6978 3011 |
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Grant Donald | � |
T +44 20 7781 1262 | � |
M +44 7920 587 805 | � |
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Rio Tinto plc | Rio Tinto Limited |
2 Eastbourne Terrace | 120 Collins Street |
London W2 6LG | Melbourne 3000 |
United Kingdom | Australia |
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T +44 20 7781 2000 | T +61 3 9283 3333 |
Registered in England | Registered in Australia |
No. 719885 | ABN 96 004 458 404 |
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