Rio Tinto Limited
(ASX:RIO) says outgoing CEO Sam Walsh will be replaced by Jean-Sebastian Jacques.
Mr Jacques joined Rio three years ago serving as the Copper & Coal chief executive. He has wide experience in commodity operations following a fifteen year career in Europe, Southeast Asia, India and the US.
To ensure a smooth succession Mr Jacques will join the board and become deputy chief executive immediately.
Mr Walsh will step down from July 1.
Rio Tinto reported a net loss of $2.35 billion for the six months to the end of December 2015.
