Rio Tinto’s New CEO Simon Trott Targets Cost Cuts, Asset Sales in Streamlining Push

Rio Tinto’s new chief executive officer said he would cut costs and sell assets in a bid to simplify the business.

Simon Trott, who took the helm of the Anglo-Australian miner in August, used the investor day on Thursday to set out how a simplified business would help achieve his goal of making Rio Tinto the “most valued” metals and mining business.