Rio finance boss to go

RIO Tinto chief financial officer Chris Lynch will retire next year after more than four years in the role.

The mining giant yesterday announced that Mr Lynch, who joined the Rio board in 2011 and was appointed finance chief in April 2013, had informed the board that he intends to retire by the end of September 2018. Rio said planning for a new chief financial officer had already begun.

Chief executive Jean-Sebastien Jacques thanked Mr Lynch, who will remain with the company to ensure a smooth transition.

“Chris has made an outstanding contribution to the performance of Rio Tinto since he was appointed CFO in 2013 and I would like to personally thank him for his wise counsel,” Mr Jacques said in a statement. Shares in the miner dipped 0.2 per cent to $66.67.