Rio Tinto strategy and development head steps down

Mining giant Rio Tinto revealed on Tuesday that strategy and development head Peter Toth had accepted a new position outside of the company.

Rio Tinto said Toth had stepped down from the group's executive committee with immediate effect, with his responsibilities to be divided between current executives.

Toth will remain in an advisory role until the end of the year and leave the company in April 2022.

Chief executive Jakob Stausholm said: "During Peter's seven years with Rio Tinto, he has played a key role in shaping our corporate strategy, executing our portfolio restructure, and guiding our approach to climate change."

As of 0900 BST, Rio Tinto shares were up 1.16% at 5,060.0p.