(Alliance News) - Rio Tinto PLC on Thursday said it has made Peter Cunningham its permanent chief financial officer.
Cunningham has been interim CFO since the start of 2021, but will now become the miner's permanent finance boss with immediate effect. He will join the board as an executive director.
He was previously group controller and has held a number of senior financial and non-financial leadership positions across Rio in Australia and the UK.
"I am delighted to confirm Peter in the role and, having worked closely with him for a number of years, I know he is the ideal person to be our chief financial officer. His detailed knowledge of the company and of the financial and non-financial drivers of our industry will be invaluable as we continue to strengthen Rio Tinto," said Chief Executive Jakob Stausholm.
Before he was made CEO at the start of this year, Stausholm was Rio's CFO. He replaced Jean-Sebastian Jacques, who came under fire after the company blasted rock shelters in the Juukan Gorge in Western Australia's remote Pilbara region, destroying one of the earliest known sites occupied by Australia's indigenous people in order to expand its iron ore mine there.
Shares in Rio Tinto were down 1.8% at 5,911.93 pence in London on Thursday.
By Lucy Heming; lucyheming@alliancenews.com
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Rio Tinto (RIO)
