Hansen, Mueller Industries director, sells $105,710 in stock
LONDON - Mining giant Rio Tinto (market cap: $119.89B), a prominent player in the global metals and mining industry, announced several changes to its board structure effective October 23, 2025, completing a previously disclosed transitional phase that had temporarily increased the board size to 14 directors. According to InvestingPro data, the company maintains a strong financial health score of "GOOD," reflecting its robust corporate governance practices.
Simon Henry has stepped down as a director after serving since April 2017, having completed the handover to Sharon Thorne, who succeeds him as Chair of the Audit & Risk Committee.
Martina Merz has also decided to step down as a director as part of the restructuring process. According to the company statement, Merz plans to dedicate more time to building innovation ecosystems alongside her other supervisory and advisory board positions.
In new appointments, Ben Wyatt has been named Senior Independent Director (SID) for Rio Tinto Limited, a role that complements the UK-based SID position for Rio Tinto plc held by Sharon Thorne. Wyatt’s role will have a particular focus on board engagement in Australia.
Susan Lloyd-Hurwitz joins the Sustainability Committee, replacing the departing Merz. Lloyd-Hurwitz will continue in her existing role as the Designated Non-Executive Director for Workforce Engagement.
These changes follow the previously announced departures of Sam Laidlaw and Kaisa Hietala, who stepped down at the conclusion of the 2025 Annual General Meetings.
The announcement was made in fulfillment of the company’s obligation under UK Listing Rule 6.4.6 R, according to the press release statement. Currently trading near its 52-week high, Rio Tinto appears slightly undervalued based on InvestingPro’s comprehensive Fair Value analysis, which considers multiple valuation metrics and industry factors.
In other recent news, Rio Tinto reported record quarterly production in its bauxite business and at the Oyu Tolgoi copper mine in Mongolia during the third quarter of 2025. The company noted a 9% increase in copper equivalent production year-over-year, with copper production expected to reach the higher end of its annual guidance. Rio Tinto and its partners are set to invest $733 million in the West Angelas Sustaining Project in Western Australia, with the company contributing $389 million to maintain the hub’s annual iron ore production capacity. Furthermore, Rio Tinto has begun work on the Norman Creek access project after approving a $180 million investment, which will support mining in the region containing significant ore reserves.
JPMorgan has raised its price target for Rio Tinto to GBP61.70 while maintaining an Overweight rating, placing the company on Positive Catalyst Watch ahead of its upcoming Capital Markets Day. Meanwhile, Morgan Stanley increased its price target to AUD121.00, though it reduced its fiscal year 2025 earnings per share estimate by 2.7% due to a model update. These developments reflect the ongoing strategic investments and analyst expectations surrounding Rio Tinto’s operations and financial performance.
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