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Rio Tinto names iron ore division chief Simon Trott as next CEO

Rio Tinto names iron ore division chief Simon Trott as next CEO

Rio Tinto has appointed Simon Trott to be its next chief executive, with the Australian-born executive vowing to focus on cost and financial discipline.
Rio chairman Dominic Barton announced Trott as the successor to incumbent Jakob Stausholm on Tuesday afternoon, saying he and the board agreed that the company could unlock 'significant value' from its existing portfolio by improving operational performance and lowering costs.
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