Rio Tinto appoints new chairman

Rio Tinto on Monday appointed former Anglo American group executive director Simon Thompson to lead the company, replacing their departing chairman who will step down next March. Thompson, a veteran with more than 20 years industry experience, joined Rio as a non-executive board member in 2014. He will succeed Jan du Plessis, who will have served almost nine years in the role.
Thompson held a number of positions with Anglo American between 1995 and 2007, and previously worked in investment banking at S.G. Warburg and N M Rothschild.