CEO pay is simply one of the many factors that need to be considered while examining business performance. It also triggered a parliamentary inquiry, which recently called on Rio Tinto to pay restitution to Indigenous Australians affected by the destruction and also fully reconstruct the damaged site. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. “During 2019, the committee materially expanded its review of reward structure and outcomes across the group, covering all elements of pay,” Laidlaw stated in the report. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. Click here. Rio Tinto Executive and Director Compensation 2011 In reading about the directors and executives for Rio Tinto ( Rio Tinto: Form 20-F ). 968 Rio Tinto reviews. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.4m. In a separate statement, Walsh said Rio will pay him A$6.8 million ($4.40 million) related to a portion of his long- and short-term incentive awards, plus interest. Rio Tinto CEO Jean-Sébastien Jacques has resigned as the mining giant continues to face pressure from investors for blowing up a 46,000-year-old sacred indigenous site in … Search Rio Tinto: Search Rio Tinto: About We produce iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds that set the standard for “responsible”, titanium for household products and borates for crops that feed the world Jean-Sébastien Jacques. It achieved revenue growth of 6.5% over the last year. Rio Tinto has appointed Jakob Stausholm as its new chief executive officer, effective 1 January 2021. Jacques’ base salary of £1.11 million is still less than that of former BHP chief executive Andrew Mackenzie, whose base salary edged above at £1.33 million. Rio Tinto remuneration committee chairman Sam Laidlaw noted in the company’s 2019 annual report that Jacques’ raise was “consistent with that applied to the broader employee population”. Hence, we can conclude that J-S Jacques is remunerated higher than the industry median. Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a … Read the latest. Rio Tinto also increased the annual base salary for its directors by 2.11 per cent as of March. The average salary for Rio Tinto Minerals employees is $84,246 per year. Rio Tinto on the defensive over its executive salaries, lobby groups By Jon Yeomans & Ruth Williams Updated April 12, 2018 — 4.24pm first published at 9.35am While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.4m. "I would like once again to acknowledge J-S's strong leadership of Rio Tinto since 2016," Thompson said. Concerned about the content? We identified 2 warning signs for Rio Tinto Group (1 is a bit concerning!) J-S Jacques became the CEO of Rio Tinto Group (LON:RIO) in 2016, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. According to our data, Rio Tinto Group has a market capitalization of UK£78b, and paid its CEO total annual compensation worth US$7.1m over the year to December 2019. Gender pay was a key focus for Rio Tinto during 2019, with the remuneration committee constantly monitoring both equal pay and gender pay gap across the company. Laidlaw noted market competitiveness against relevant peer companies and pay equity, along with a focus on gender pay as key assessments in applying this increase. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com Read Next Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Other executives include Jakob Stausholm, Chief Financial Officer, Director; Bold Baatar, Chief Executive, Energy & Minerals and 19 others. Given the strong history of shareholder returns, the shareholders are probably very happy with J-S's performance. 337927). Jacques’ total remuneration including bonuses was £5.8 million ($11.3 million) last year, in line with the United Kingdom consumer price index (CPI). Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Fortescue Metals Group has awarded an $80 million contract at the Solomon Hub to RCR Mining Technologies and two contracts worth over $13 million at the Iron Bridge project to Jukawalyi Resources and Yulu Joint Venture. SYDNEY: Mining giant Rio Tinto stripped its chief executive officer of $3.5 million on Monday after the company destroyed a 46,000-year-old Aboriginal heritage site to expand an iron ore mine in Australia. Rio Tinto Names Jakob Stausholm CEO, as It Seeks to Rebuild Reputation New chief will be tasked with restoring trust with traditional owners of … A free inside look at Rio Tinto salary trends based on 50 salaries wages for 37 jobs at Rio Tinto. Pilbara Minerals has finalised its acquisition of the Altura lithium project. This demonstrates that the company has been improving recently and is good news for the shareholders. A free inside look at company reviews and salaries posted anonymously by employees. The Anglo-Australian firm blasted rock shelters in the Juukan Gorge in Western Australia’s remote Pilbara region on May 24, destroying one of the […] This article by Simply Wall St is general in nature. Salaries posted anonymously by Rio Tinto employees. It’s FREE. Rio Tinto Group's earnings per share (EPS) grew 24% per year over the last three years. Salaries posted anonymously by Rio Tinto employees. Prior to becoming CEO of Rio Tinto, Walsh served as Rio Tinto chief of the Iron … Arguably, business quality is much more important than CEO compensation levels. Exploring Mining Podcast Episode 135 – Mining Stocks News From Rio Tinto, Barrick Gold, NovaGold, First Majestic Silver And Equity Metals Corp. Jan. 20, 2021 1:45 PM ET As CEO at Rio Tinto, he is entitled to a base salary of 1.15 million pounds sterling (US$1.56 million), and an annual bonus with a target of 100% of base salary and a maximum of 200%. PromotedIf you’re looking to trade Rio Tinto Group, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Most shareholders would probably be pleased with Rio Tinto Group for providing a total return of 72% over three years. Rio Tinto Ltd will pay out part of a delayed bonus to former Chief Executive Sam Walsh after a dispute resolution process found that the payments should not be … Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. that you should be aware of before investing here. “We are pleased with the broader initiatives being implemented across the group in this area and note that the group-wide equal pay and gender pay gaps remain at less than 2 per cent and 1 per cent respectively.”. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. However, Rio Tinto Group has produced strong earnings growth and shareholder returns over the last three years. RTTNews . According to our data, Rio Tinto Group has a market capitalization of UK£78b, and paid its CEO total annual compensation worth US$7.1m over the year to December 2019. Rio Tinto Group named finance head Jakob Stausholm as chief executive officer, tapping a relative newcomer to manage the fallout over its destruction of … A free inside look at Rio Tinto salary trends based on 47 salaries wages for 37 jobs at Rio Tinto. We aim to bring you long-term focused analysis driven by fundamental data. Fortescue Metals Group has awarded an $80 million contract at the Solomon Hub to RCR Mining Technologies and two contracts worth over $13 million at the Iron Bridge project to Jukawalyi Resources and Yulu Joint Venture. Stausholm will be paid a base salary of £1.15 million, plus bonuses and incentives. Get in touch with us directly. Mar. “(This) reflects the slightly higher short-term incentive plan (STIP) pay-out and the estimated 24 percentage increase in the long-term incentive plan (LTIP) vesting outcome for 2019 compared to 2018.”. This is also retained for BHP’s incumbent chief executive Mike Henry. Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday. Rio Tinto's Chief Executive, Director is J-S Jacques. Visit PayScale to research Rio Tinto Minerals salaries, bonuses, reviews, benefits, and more! Rio Tinto To Pay Former CEO Sam Walsh's Delayed Bonus . Our research team consists of equity analysts with a public, market-beating track record. Rio Tinto chief executive Jean-Sebastien Jacques has received a 27 per cent pay rise in 2019 for achieving high profits, safety rates and share growths at the company. We note that's an increase of 15% above last year. Fortescue Metals Group has signed an $80 million contract at the Solomon Hub and two contracts worth over $13 million at the Iron Bridge project in Western Australia. This analysis will also assess whether Rio Tinto Group pays its CEO appropriately, considering recent earnings growth and total shareholder returns. See the full leadership team at Craft. Simply Wall St has no position in any stocks mentioned. Rio Tinto's new CEO pledges to 'restore trust' after destruction of sacred Indigenous site By Michelle Toh , CNN Business Updated 5:08 AM ET, Thu December 17, 2020 “The committee maintains a focus on the gender diversity in senior management roles as a means to address the gender pay gap across the group,” Laidlaw explained. Rio Tinto names new CEO after ancient Aboriginal site destruction Thursday 17 December 2020 - 10:14am A Rio Tinto sign adorns their building in central Brisbane. Prior to this he was chief executive officer (CEO) of London-based mining company Rio Tinto Group, from 2013 to 2016.. Pilbara Minerals has finalised its acquisition of the Altura lithium project in Western Australia from Altura Mining for $201 million. 15 Rio Tinto reviews. On comparing similar companies in the industry with market capitalizations above UK£6.3b, we found that the median total CEO compensation was US$2.1m. ... Pilbara Minerals strengthens Pilgangoora lithium foothold - Australian Mining, Share on FacebookShare on TwitterShare on Linked InShare by Email. Alternatively, email editorial-team@simplywallst.com. It's interesting to note that Rio Tinto Group allocates a smaller portion of compensation to salary in comparison to the broader industry. As we touched on above, Rio Tinto Group is currently paying its CEO higher than the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance. Sam Walsh AO (born 27 December 1949) is an Australian businessman who was elected to the Mitsui & Co board as a non-executive Director on 21 June 2017 and the MA'ADEN Board on 22 October 2020. Jacques, who announced his resignation in September, will step down as CEO and executive director on January 1 and leave the company on March 31. Port Hedland empties in preparation for Cyclone Lucas, Forrest unveils Fortescue’s green steel plans, Lynas to feed new US plant with Kalgoorlie rare earths, Rio Tinto lets go of remaining Australian coal assets, Rio Tinto appoints Jacques successor as CEO, Gold, copper drive exploration budgets to seven-year high, Searching for the latest safety news and technologies in the mining sector? On an industry level, roughly 64% of total compensation represents salary and 36% is other remuneration. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size. Rio Tinto chief executive Jean-Sebastien Jacques has received a 27 per cent pay rise in 2019 for achieving high profits, safety rates and share growths at the company. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings.. “The CEO pay ratio of 66:1 is primarily driven by the percentage of total renumeration for the CEO that is performance related. A free inside look at company reviews and salaries posted anonymously by employees. So check out this free list of interesting companies that have HIGH return on equity and low debt. I was pleasantly surprised to find that the CEO … CEO SALARY SURVEY | Rank Senior Executive Title Company Name Total Salary Base Salary Bonuses Shares / Options Superan-nuation Special Payouts Company ... 3 Sam Walsh Executive Director Rio Tinto $7,587,000 $1,475,000 $2,832,000 $3,280,000 $726,200,000 $60,323,000,000 To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. ... Fortescue guides project development with contract awards - Australian Mining. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. 11, 2020, 11:44 PM (RTTNews) - Rio Tinto will pay its former chief … Salaries posted anonymously by Rio Tinto employees. A free inside look at Rio Tinto salary trends based on 449 salaries wages for 274 jobs at Rio Tinto. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? So, in acknowledgment of the overall excellent performance, we believe CEO compensation is appropriate. Jacques will step down as CEO and executive director on Jan. 1 and leave the company on March 31, Rio Tinto said. Rio Tinto names Jakob Stausholm as CEO. Moreover, J-S Jacques also holds UK£6.4m worth of Rio Tinto Group stock directly under their own name, which reveals to us that they have a significant personal stake in the company. Pilbara Minerals has finalised its acquisition of the Altura lithium project. See our latest analysis for Rio Tinto Group. Jacques’ total remuneration including bonuses was £5.8 million ($11.3 million) last year, in line with the United Kingdom consumer price index (CPI). We note that's an increase of 15% above last year. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Learn more about the team behind Simply Wall St. Sarah Turner. Image: Rio Tinto. Investors were expecting the mining giant would pick an external candidate. list of interesting companies that have HIGH return on equity and low debt. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. For BHP ’ s incumbent chief executive Officer ( CEO ) of London-based Mining company Rio Tinto Group ( is... 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