Elliott to step down from Rio Tinto CFO role

THE CFO of FTSE 100-listed mining company Rio Tinto is to leave after 32 years with the business.

Guy Elliott, who has served in the top finance role since 2002, will retire at the end of 2013. He will continue as CFO until a successor is found, and as part of the changeover he has been appointed senior executive director on the boards of both the PLC and Rio Tinto Limited.

Rio Tinto chairman Jan du Plessis said: “Guy has enjoyed an outstanding career during his 32 years at Rio Tinto, which includes ten years on the board. I would like to thank him on behalf of the board for his invaluable contribution, particularly in recent years as he helped steer the group through the global financial crisis and back to a position of financial strength.”

With a background in marketing, Elliott previously told Financial Director that he did not feel he was at a disadvantage due to not being an accountant. “An accountant has a particular way of looking at things and I’ve picked up some of that – but my perspective is probably somewhat different,” he said.

Rio Tinto’s share price was 2,963.5p in this morning’s trading, a fall of 69.5p.

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