Rio Tinto Chairman to Step Down Over Destruction of Ancient Caves

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Rio Tinto said its chairman would step down because of its destruction of two ancient Australian rock shelters, bowing to demands for greater accountability

in Australia last year, bowing to demands from some investors for greater accountability for the incident.

Rio Tinto initially hoped to contain the fallout from the incident by withholding bonuses for executives including Mr. Jacques, but that prompted an outcry from shareholders who sought a stronger response. Mr. Thompson has been on the board since 2014 and chairman since 2018. He will remain as Rio Tinto’s chairman until the annual meetings of shareholders next year, but could leave sooner if a replacement is found.

 

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Well that's big of him. Will he bring back the shelters?

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