Changing of the guard at Rio Tinto

Kym Sheehan

The Executive Remuneration Reporter

Yesterday's announcement of Sam Walsh's retirement on 1 July 2016 and Jean-Sebastien Jacques' appointment as Deputy CEO and Board member from 17 March 2016 and Group CEO from 2 July 2016 provided clear disclosure on the remuneration decisions for both. I take a look at these decisions in this note. (VIEW LINK) Perhaps the one decision I question is the granting of FY16 LTIP award to Mr Walsh on 11 March 2016, less than one week before yesterday's announcement. While pro-rated vesting will apply to the grant, the policy position still provides potential for a significant benefit when the LTIP vests in 4 and 5 years time.


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The Executive Remuneration Reporter

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...

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