- Published: Sunday, 01 January 2017 11:02
- Written by E&MJ News
Rio Tinto terminated the contracts of Energy and Minerals Chief Executive Alan Davies and Legal and Regulatory Affairs Group Executive Debra Valentine. After reviewing the findings of an internal investigation into the 2011 contractual arrangements with a consultant who provided advisory services on the Simandou project in Guinea, the Rio Tinto board has concluded that executives failed to maintain the standards expected of them under its global code of conduct. Davies will be replaced by Bold Baatar, who will join the executive committee as energy and minerals chief executive.