The second choice is good. In the aftermath of a new offensive to institutional shareholders oppose the alliance strategic with Chinalco Chinese and two months after the appointment to this position of Jim Leng, scene shortly after because of deep disagreements with his peers on the way to resolve the problem of debt, Rio Tinto yesterday released the name of the future President of its Board of Directors. It is Jan du Plessis, an Afrikaner of fifty-five years old, a graduate in accounting and management who grew up in Cape Town. President of BAT (tobacco) function will continue to fill he was formerly Chief Financial Officer of the Swiss Richemont luxury group and President of the British food company RHM Plc. At the present time, the new President of Rio Tinto is also non-Executive Administrator of the Council of the English supermarket Marks & Spencer and President chain, always without directly operational position, banking group audit committee of British Lloyds Banking.
Appointed to the Board of Directors of Rio Tinto in September 2008, he will take his new post at the head of the mining group on 20 April, of the General Assembly of the Australian branch of the society. Known in financial circles for his great caution in business, shopping character contrasts with the assumed opinions often with roughing by Jim Leng. His arrival will allow Paul Skinner to join BP, even though his action (purchase of Alcan and rejection of the offer from BHP Billiton agreement with Chinalco) is now contested by some influential shareholders.
The appointment of Jan du Plessis also represents a certain strengthening of Tom Albanese, the Executive Director of the anglo-australienne mining company. The newly elected is not wrong. His first official comments welcome "the strong team of management led by the Executive Director, Tom Albanese". It is also immediately committed to continue the agreement with Chinalco strongly advocated by the current leadership and that was originally of the precipitated departure, before even taking of service, his chosen predecessor, Jim Leng. As Rio Tinto, it highlighted statements and Andrew Gould, an independent Director who had been cited here as one of the operation with Chinalco opponents there. It applauded "the international business experience" of Jan du Plessis. Certainly superior to that of Jim Leng, including most of the career experience took place in the United Kingdom.
Rule offensive
But rather financial management skills that were weighed to du Plessis. Indeed, Rio Tinto faces a rule offensive of part of its institutional shareholders, including those represented by the association of British insurers, trying to impose a majority of 75 vote to validate its alliance with Chinalco against simple majority currently planned. The intent of Rio Tinto, the vote will take place in June, after the ordinary general meetings of its two entities British and Australian. The last puzzle in date for the top management of the mining firm today emanates from the Australian Federal Senate. Its members are called upon to speak on the opening of an investigation of the deal with Chinalco. The opposition at the same time launched a wide campaign for "the Australia Australians." Superheated atmosphere guaranteed.
At most they suffered a slight stroke of green paintThis is however as a part of the explanationAs such it provides the interface with suppliersEurope deserves better than such horsetradingThese developments are highly confidential Many other firms are part of the same approach4 billion of 43 and double its stock to 43And yet early March the EDF window closedAnd the consumer in every reason to be seduced by beautyIt gives the city of serious compensation
