Rio Tinto has appointed Jérôme Pécresse to lead its aluminium business, succeeding Ivan Vella.
The group said that, Jérôme – who was until recently president and chief executive of General Electric (GE) Renewable Energy – will join the company on 23 October 2023.
The Frenchman has over 30 years of business experience, including senior leadership roles in global companies in the mining and energy fields.
Rio Tinto has appointed Jérôme Pécresse to lead its aluminium business
In a statement, Rio Tinto said: [Jérôme] joined GE in 2015, when GE completed its acquisition of Alstom’s energy activities, as president and CEO of GE Renewable Energy. At Alstom, Jérôme also led the company’s Renewable Energy business.
Jakob Stausholm, chief executive at Rio Tinto, said: ‘Jérôme brings a wealth of experience across renewable energy, mining, business development and strategy, ideal for shaping our industry leading aluminium business for a low carbon future.
‘I look forward to welcoming Jérôme to Rio Tinto and to the diverse contribution I know he will make to our business at this critical moment for our industry.’
Jérôme Pécresse said: ‘I am thrilled to be joining Rio Tinto to continue building a stronger and more sustainable global aluminium business with our team around the globe. We have a key role to play in delivering on Rio Tinto’s strategy and supplying materials needed in a low carbon world.’
Rio Tinto shares is up 0.6 per cent to 5,030p in morning trading on Tuesday.
Last week, Rio Tinto sold 55 per cent of its stake in the La Granja copper project in Peru, South America to Canadian minerals firm First Quantum.
The deal is worth $105million (£83.4million) with the group saying it will invest up to ‘a further $546million into the joint venture to sole fund capital and operational costs to take the project through a feasibility study and toward development’.
‘La Granja, located at high altitude in Cajamarca, Northern Peru, has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral Resource totalling 4.32billion tonnes at 0.51 per cent copper’, Rio adds.
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