Rio Tinto Chairman Jan du Plessis
Rio Tinto announced that Chairman Jan du Plessis is stepping down from his post after an eight-year stint in the Australia-based mining company.
The company said it had been looking for a successor since June 2016 after announcing the appointment of Jean-Sébastien Jacques as chief executive. John Varley, Rio Tinto’s senior independent director, is leading the process in appointing a new chairman, according to the miner.
A successor is expected to be announced before the end of 2017, with du Plessis retiring as chairman by no later than the 2018 annual general meeting in Australia.
Du Plessis commented, “When we announced the appointment of Jacques as chief executive a year ago, I committed to the board to serve as chairman for another two years, as part of a planned leadership transition. The announcement is the next step in that plan. I remain committed to leading the board until I stand down, supporting the management team and ensuring an orderly handover to my successor.
“It has been a great privilege to chair Rio Tinto over the past eight years, during which time I have worked with some outstanding people across the business. The company has withstood the challenges of a cyclical industry and performed well. We have a robust balance sheet and a strong management team, led by an impressive chief executive in Jacques.”