SIR MICK IN RIO BOX SEAT
A FORMER Xstrata chief executive has emerged as a surprise contender to replace Jan du Plessis as Rio Tinto chairman.
Sir Michael “Mick” Davis is believed to be the lead external candidate for the new head of Rio, with a decision expected shortly.
The frontrunning internal candidates are former Shell chief financial officer Simon Henry and Sam Laidlaw, a former chief of British energy group Centrica.
After Glencore bought Xstrata earlier this decade, South African-born Sir Michael was supposed to run the combined group.
But the role ended up with Ivan Glasenberg.
Rio’s Australian-listed shares fell 1 per cent, or 71c, yesterday to close at $73.04.