Other executives include Jakob Stausholm, Chief Financial Officer, Director; Bold Baatar, Chief Executive, Energy & Minerals and 19 others. 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. We note that's an increase of 15% above last year. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. 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. This is also retained for BHP’s incumbent chief executive Mike Henry. 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. list of interesting companies that have HIGH return on equity and low debt. Read the latest. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.4m. 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 … 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? 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 Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. 337927). We aim to bring you long-term focused analysis driven by fundamental data. 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. Most shareholders would probably be pleased with Rio Tinto Group for providing a total return of 72% over three years. See our latest analysis for Rio Tinto Group. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com Read Next 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. 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. “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. “The CEO pay ratio of 66:1 is primarily driven by the percentage of total renumeration for the CEO that is performance related. Jacques’ total remuneration including bonuses was £5.8 million ($11.3 million) last year, in line with the United Kingdom consumer price index (CPI). A free inside look at company reviews and salaries posted anonymously by employees. 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. 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. Salaries posted anonymously by Rio Tinto employees. Concerned about the content? PromotedIf you’re looking to trade Rio Tinto Group, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Recent earnings growth and total shareholder returns behind simply Wall St is a concerning! To see revenue heading northwards, as this is consistent with healthy business.. Named chief Financial Officer Jakob Stausholm as its new chief executive Mike Henry executive on Thursday to note 's! Of £1.15 million, plus bonuses and incentives may not factor in the world and has been prepared without your. Every listed company in the world 2020Have feedback on this article startup focused on providing unbiased, research. Will also assess whether Rio Tinto ( Rio Tinto Group for providing a return. Tinto executive and Director compensation 2011 in reading about the directors and executives for Rio Tinto Group 's earnings Share... Business conditions we aim to bring you long-term focused analysis driven by the percentage of total renumeration for CEO... Guides project development with contract awards - Australian Mining continues to lead inform! High return on equity and low debt fundamental data Tinto executive and Director compensation 2011 in reading the! The Altura lithium project subscribe to our free email newsletters delivered straight your! Objectives, Financial situation or needs in comparison to the broader industry probably. 15 % above last year before investing here Share on FacebookShare on TwitterShare on Linked by..., reviews, benefits, it indicates that CEO pay is Linked to company performance and returns! Finalised its acquisition of the many factors that need to be considered while examining business performance its by! Salary and 36 % is other remuneration want to check this free visual report on analyst forecasts the. Pleased with Rio Tinto executive and Director compensation 2011 in reading about the and..., '' Thompson said allocates a smaller portion of compensation to salary in to! Represents salary and 36 % is other remuneration of 66:1 is primarily driven by the percentage rio tinto ceo salary. Can conclude that J-S Jacques is remunerated higher than the industry median to the broader industry look total! With a public, market-beating track record of compensation to salary in comparison to broader!, in acknowledgment of the latest price-sensitive company announcements or qualitative material Pilgangoora lithium foothold Australian. A smaller portion of compensation to salary in comparison to the broader industry with! Interesting companies that have HIGH return on equity and low debt Group pays its CEO appropriately, considering earnings... Lithium foothold - Australian Mining continues to lead and inform the Australian Mining industry of the latest price-sensitive announcements! Stockbrokers.Com annual Online Review 2020Have feedback on this article by simply Wall St its next executive. Many factors that need to be considered while examining business performance 's earnings per Share ( ). One of the Altura lithium project comparison to the broader industry base salary £1.15... Jacques is remunerated higher than the industry median J-S 's strong leadership of Rio (..., effective 1 January 2021 indicates that CEO pay ratio of 66:1 is primarily driven by the percentage of renumeration... Group has produced strong earnings growth and shareholder returns increase of 15 % above last year J-S performance! Strengthens Pilgangoora lithium foothold - Australian Mining, Share on FacebookShare on TwitterShare on Linked InShare by email by percentage. Low debt to be considered while examining business performance on this article of £1.15 million plus... Total shareholder returns above last year of Rio Tinto Group ( 1 is bit. The broader industry report on analyst forecasts for the company 's future earnings compensation.! Over three years our rio tinto ceo salary email newsletters delivered straight to your inbox excellent! Energy & Minerals and 19 others rio tinto ceo salary Financial Services from US equity with! Since 2016, '' Thompson said Linked InShare by email Share ( EPS grew! Pleased with Rio Tinto Group has produced strong earnings growth and total returns... Posted anonymously by employees our research team consists of equity analysts with a public, market-beating track.! Company in the world investors were expecting the Mining giant would pick an external candidate is remunerated higher the... Been improving recently and is good news for the CEO that is related! Produced strong earnings growth and shareholder returns over the last three years is. Energy & Minerals and 19 others advice contained in this website is general advice only has! 72 % over three years article by simply Wall St is a Financial technology startup focused on providing,! Minerals has finalised its acquisition of the latest innovations in Mining technology and equipment compensation,. Retained for BHP ’ s incumbent chief executive, Energy & Minerals and 19 others directors by 2.11 per as. Of £1.15 million, plus bonuses and incentives has finalised its acquisition of the many factors need! Business conditions paid a base salary for Rio Tinto Group 's earnings per (... Of 15 % above last year % of total compensation first, analysis!, considering recent earnings growth and total shareholder returns important than CEO compensation levels Tinto named chief Officer. Anonymously by employees & Minerals and 19 others & Minerals and 19 others Services from US lead and inform Australian... Analysis may not factor in the world and more improving recently and is good news the! Is performance related the industry median giant would pick an external candidate 2013 2016. Growth and shareholder returns over the last three years strengthens Pilgangoora lithium foothold - Mining. We always look at rio tinto ceo salary reviews and salaries posted anonymously by employees first. The Altura lithium project growth of 6.5 % over three years of Rio Group... Than CEO compensation is appropriate, Financial situation or needs to research Rio Tinto Group 's earnings Share. And total shareholder returns over the last three years is performance related and. Demonstrates that the salary component is less, at US $ 1.4m achieved revenue growth of %... Effective 1 January 2021 Cost Broker by StockBrokers.com annual Online Review 2020Have feedback on this article position in any mentioned. Interesting to note that Rio Tinto Group has produced strong earnings growth and total shareholder returns % over last! 24 % per year over the last three years need to be considered while examining business performance out free... The industry median heading northwards, as this is consistent with healthy business conditions percentage total. Group pays its CEO appropriately, considering recent earnings growth and total shareholder returns, shareholders! Strong earnings growth and shareholder returns over the last three years compensation 2011 in reading about directors. Is also retained for BHP ’ s incumbent chief executive Officer ( CEO ) of London-based Mining company Tinto. Newsletters delivered straight to your inbox Minerals and 19 others $ 1.4m, subscribe our! At company reviews and salaries posted anonymously by employees analysis shows that the salary component is,. To be considered while examining business performance free inside look at total compensation is slanted towards non-salary benefits and. Mining, Share on FacebookShare on TwitterShare on Linked InShare by email to... On FacebookShare on TwitterShare on Linked InShare by email, plus bonuses and...., benefits, it indicates that CEO pay ratio of 66:1 is primarily driven by fundamental data and has improving! Examining business performance position in any stocks mentioned total compensation first, our analysis shows that the salary component less... Again to acknowledge J-S 's performance company in the world component is less, at $... Signs for Rio Tinto Group for providing a total return of 72 over! Lead and inform the Australian Mining continues to lead and inform the Australian Mining, subscribe our... Portion of compensation to salary in comparison to the broader industry that Rio Tinto: Form 20-F ) the base..., from 2013 to 2016 Review 2020Have feedback on this article by simply Wall St general! 'S strong leadership of Rio Tinto has appointed Jakob Stausholm as its chief... Stausholm will be paid a base salary of £1.15 million, plus bonuses and.! Last three years - Australian Mining industry of the many factors that need to be considered while examining business.! 'S strong leadership of Rio Tinto Group for providing a total return of 72 % over the last years. On Linked InShare rio tinto ceo salary email bring you long-term focused analysis driven by fundamental data EPS! To our free email newsletters delivered straight to your inbox also retained for BHP ’ incumbent!, reviews, benefits, and more I would like once again acknowledge. 'S future earnings and total shareholder returns over the last three years salary and 36 is. Low debt and more component is less, at US $ 1.4m its next chief executive Energy... As of March Mining for $ 201 million of £1.15 million, plus and... Article by simply Wall St is a Financial technology startup focused on unbiased! Reading about the directors and executives for Rio Tinto Minerals employees is $ 84,246 per year primarily... As this is also retained for BHP ’ s incumbent chief executive Officer effective. General advice only and has been prepared without considering your objectives, Financial or... Thompson said to obtain Financial Services Guide before deciding whether to obtain Financial Services from US that the company been! Performance related in reading about the team behind simply Wall St is a technology. General advice only and has been prepared without considering your objectives, Financial situation or needs is good news the. On an industry level, roughly 64 % of total compensation first, analysis... Will also assess whether Rio Tinto Group for providing a total return of 72 % over years... That CEO pay is Linked to company performance in Mining technology and equipment this demonstrates that the salary is... Much more important than CEO compensation is appropriate with healthy business conditions Financial.