Eventos
2007: Alcan aluminium
acquisition for US$38bn;
CEO Albanese's
first big deal & it's a dud2011: purchase of Simandou Iron Ore, GuineaRio file 2011/12 accounts (including inflated value of Mozambique asset) & raise $5bn additional financeAug 2016: Rio ‘discover’ 2011 emails re Guinea $10.5m briberyOct 2017: FCA fine £27.4m re Mozambique accountingJan 2013: Write-downs totalling $11bn (incl. Mozambique) and Rio files its first ever lossJan 2012: CEO & CFO both know that Mozambique government has rejected Rio's barging proposal for coalAug 2017: Rio gives a bumper payout for investors, which includes
a record interim dividend of 110 US cents per share, equal to $2bn.Oct 2017: SEC fraud charge re Mozambique2016: Two executives sacked from board over Guinea bribery case: Alan Davies & Debra Valentine2017: Two executives resign from Rio board over fraud allegations
in previous roles: John Varley (Barclays) & Anne Lauvergeon (Areva)Nov 2012: CFO tells [whistleblower] that he will raise the 'significant valuation challenges' re Mozambique at next Audit Committee (he doesn't)Jan 2013: Tom Albanese (CEO) & Doug Ritchie (Chief Strategy Officer) step down 'by mutual agreement'2011: Mozambique coal acquisition ($3.9bn)2014: Rio sells
Mozambique
asset for $50mJuly 2012: CFO Guy Elliot announces intention to retire next year; replaced by Chris Lynch in April 2013Períodos
CEO: Tom Albanese (2007–2013)Chair: Jan du Plessis (2008-2018)CFO: Chris Lynch (2013-retiring Sept 2018)CEO: Sam Walsh (2013-2016)CEO: J-S Jacques (2016-ongoing)CFO: Guy Elliot (2002-2013)
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