Rio Tinto CEO to step down after $14 billion charge

Published January 17, 2013

| Reuters

Global miner Rio Tinto said its chief executive would step down after it announced a $14 billion non-cash impairment charge in its 2012 results due to problems in Mozambique and aluminum assets.

The group said Tom Albanese would step down as chief executive by mutual agreement with the Rio Tinto Board, and he would be replaced by Iron Ore Chief Executive Sam Walsh.

(Reporting by Kate Holton; editing by Sarah Young)

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