Rio Tinto Limited (ASX:RIO) has extended the tenure of CEO Sam Walsh and CFO Chris Lynch.
Chairman Jan du Plessis says given the performance of Mr Walsh the decision was an easy one for the board.
The diversified miner says since their appointments early last year, Mr Walsh and Mr Lynch have led a transformation of the business which has seen increased cash flows and gains on other major metrics.
Both Mr Walsh and Mr Lynch will have their fixed term arrangements replaced with long-term, open-ended commitments to the company.
Rio Tinto reported a net profit of $4.54 billion in the first half of the 2014 calendar year.
