EXECUTIVE CHANGES: Rio Tinto strategy chief Peter Toth to depart

Tue, 19th Oct 2021 14:09

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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Rio Tinto PLC - London and Melbourne-based miner - Peter Toth, group executive for Strategy & Development, resigns to accept "a new position outside of Rio Tinto". Toth steps down immediately from the executive committee after seven years with Rio. He will remain an advisor until the end of 2021, Rio says, and leave the company on April 5 next year. Toth "played a key role in shaping our corporate strategy, executing our portfolio restructure, and guiding our approach to climate change," says Chief Executive Jakob Stausholm. On Friday last week, Rio Tinto lowered its 2021 guidance for iron, bauxite and mined copper after a "difficult" third quarter.

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Metro Bank PLC - London-based high-street lender - Senior Independent Director Michael Snyder will leave the board on October 31, having served for six years, including a 12-month stint as interim chair. Monique Melis is promoted to senior independent director to replace Snyder.

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Bango PLC - Cambridge, England-based mobile commerce platform - Hires two new independent non-executive directors to replace two departures. Marcus Weldon and Lisa Gansky join the Bango board immediately. Weldon was chief technology officer for Nokia Corp and president of Bell Labs. Gansky "made significant contributions to the emergence of the internet", Bango says, having worked at AOL and Kodak Digital Services. They replace Gianluca D'Agostino, who retires on October 31, having served since 2016, and Nancy Cruickshank, who leaves on December 31, having joined in 2019.

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TruFin PLC - London-based financial technology - Stephen Greene will step down as non-executive director on October 31. Greene represents Arrowgrass Master Fund Ltd on the board, and Arrowgrass sold its entire remaining 19.99% stake earlier this month. "We would like to thank Arrowgrass for their vision and stewardship, which was fundamental to the formation and successful development of TruFin," says Non-Executive Chair Steve Baldwin.

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Chesnara PLC - Preston, England-based pensions and insurance firm - Steve Murray receives regulatory approval to be chief executive and is confirmed in the role immediately. Murray also becomes a director of Chesnara and of Countrywide Assured PLC. He replaces John Dean, who is retiring after six years in charge.

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By Tom Waite; thomaslwaite@alliancenews.com