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Rio Tinto Says Ivan Vella, Chief Executive, Aluminium To Step Down
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IGO shares slide despite a new CEO being snared from Rio Tinto
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Battery metals major IGO has tapped Rio Tinto’s current aluminium CEO Ivan Vella as its new CEO and MD.
Rio on Tuesday confirmed that Vella will continue to lead the aluminium division until December this year, and that the company has started a process to identify a successor. In the meantime, Vella has stepped down from Rio’s Group executive committee with immediate effect.
Australian battery minerals producer IGO Ltd said on Tuesday it has appointed Ivan Vella, a former executive at mining giant Rio Tinto, as its new chief executive officer. Vella, now chief of Rio Tinto s aluminium division and a Rio veteran of 20 years, had taken the helm of the miner s iron ore business in the aftermath of its destruction of rock shelters at Juukan Gorge in Western Australia in 2020.
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