Bold, currently serving as Chief Executive Copper, will promptly assume responsibility for business development and transition to Chief Commercial Officer on September 1, 2024, relocating to Singapore. The successor for the position of Chief Executive Copper will be announced in the near future.

Alf will remain as Chief Commercial Officer until August's conclusion to facilitate a seamless transition. Subsequently, he will assume the role of Chair for China, Japan, and Korea and serve as an Executive Committee member until his retirement at the end of 2024.

Bold will oversee Rio Tinto's commercial operations, including sales, marketing, procurement, marine, and logistics functions. Additionally, he will spearhead business development efforts for the Group and maintain his responsibilities as Executive Committee lead for Guinea. This entails his continued leadership in managing Rio Tinto's partnerships on the Simandou project.