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11. Oktober 2007

Rio, Alcan name post-merger management team

Source: Creamer's Mining Weekly

International mining group Rio Tinto and aluminium producer Alcan, have named the executive management team to run the combined aluminium group, Rio Tinto Alcan, once the acquisition of Alcan by Rio Tinto has been completed.

In July this year, Rio Tinto made a $38,1-billion all-cash offer for Canada-based Alcan, which will create the world's biggest aluminium producer.

The appointments will become effective once the transaction has been completed, which is expected in the fourth quarter of 2007.

Alcan president and CEO Dick Evans will become CE of the combined aluminium product group, Rio Tinto Alcan, based in Montreal, Canada, and will report directly to Rio Tinto CE Tom Albanese.

"As we approach the closing of the transaction, it's important to hit the ground running with a strong executive team that can begin to capitalise right away on our leadership position in the aluminium industry," Albanese commented.

Steve Hodgson has been appointed as Rio Tinto Alcan Bauxite & Alumina business unit president and CEO. The business unit will be headquartered in Brisbane, Australia. Jacynthe Cote will serve as president and CEO of Rio Tinto Alcan Primary Metal, which will be based in Montreal, Canada.

The new president and CEO of Rio Tinto Alcan Engineered Products (headquartered in Paris) is Christel Bories.

The functions of finance, human resources and communications at Rio Tinto Alcan will be lead by Phillip Strachan, Jean-Christophe Deslarzes and Corey Copeland respectively.

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