Rio Tinto CFO Chris Lynch to retire in September 2018

Rio Tinto said on Friday that Chris Lynch plans to retire as chief financial officer by the end of September 2018 after just over four years in the job.

The company said planning for his succession has already begun and a replacement will be announced in due course.

Chief executive Jean-Sebastien Jacques said: "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 and support since my appointment as chief executive. He has committed to remain with the group to ensure a smooth transition."

At 1525 BST, the shares were down 1% to 3,466.50p.