Rio Tinto CEO Departs After Big Loss In Mozambique
"We are also deeply disappointed to have to take a further substantial write-down in our aluminum businesses, albeit in an industry that continues to experience significant adverse changes globally."
Albanese, appointed chief executive in 2007, and Ritchie will receive no lump sum payments, no performance bonus for 2012 or 2013 and will forfeit their deferred bonus share entitlements, the company said. However, they will continue to receive their salaries during the transition period.
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