Rio CEO Trott Steps Up Push to Streamline Sprawling Miner

Rio Tinto Group’s new boss has told staff that plans to focus the miner’s sprawling corporate structure on its most profitable metals will be a blueprint for a “sharper, simpler” operation, though he stopped short of outlining long-expected job cuts.

In an internal memo, Chief Executive Officer Simon Trott said a model built around aluminum, lithium, copper and iron ore would help the group “move faster, make better decisions and perform at our best.” The changes should mean clearer roles, speedier decision-making and less low-value work. He did not specify cost savings and staff reductions, but said it would “take time to work through the details.”