Rio Tinto chief executive Jean-Sebastien Jacques has received a 27 per cent pay rise in 2019 for achieving high profits, safety rates and share growths at the company. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. Jean-Sébastien Jacques. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. See the full leadership team at Craft. On an industry level, roughly 64% of total compensation represents salary and 36% is other remuneration. It also triggered a parliamentary inquiry, which recently called on Rio Tinto to pay restitution to Indigenous Australians affected by the destruction and also fully reconstruct the damaged site. Salaries posted anonymously by Rio Tinto employees. Stausholm will be paid a base salary of £1.15 million, plus bonuses and incentives. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Arguably, business quality is much more important than CEO compensation levels. 968 Rio Tinto reviews. CEO pay is simply one of the many factors that need to be considered while examining business performance. ... Pilbara Minerals strengthens Pilgangoora lithium foothold - Australian Mining, Share on FacebookShare on TwitterShare on Linked InShare by Email. “We are pleased with the broader initiatives being implemented across the group in this area and note that the group-wide equal pay and gender pay gaps remain at less than 2 per cent and 1 per cent respectively.”. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. It achieved revenue growth of 6.5% over the last year. Pilbara Minerals has finalised its acquisition of the Altura lithium project in Western Australia from Altura Mining for $201 million. Salaries posted anonymously by Rio Tinto employees. According to our data, Rio Tinto Group has a market capitalization of UK£78b, and paid its CEO total annual compensation worth US$7.1m over the year to December 2019. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. I was pleasantly surprised to find that the CEO … Rio Tinto also increased the annual base salary for its directors by 2.11 per cent as of March. Hence, we can conclude that J-S Jacques is remunerated higher than the industry median. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Rio Tinto's new CEO pledges to 'restore trust' after destruction of sacred Indigenous site By Michelle Toh , CNN Business Updated 5:08 AM ET, Thu December 17, 2020 Rio Tinto CEO Jean-Sébastien Jacques has resigned as the mining giant continues to face pressure from investors for blowing up a 46,000-year-old sacred indigenous site in … Learn more about the team behind Simply Wall St. Get in touch with us directly. 15 Rio Tinto reviews. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings.. Click here. So, in acknowledgment of the overall excellent performance, we believe CEO compensation is appropriate. This analysis will also assess whether Rio Tinto Group pays its CEO appropriately, considering recent earnings growth and total shareholder returns. Jacques will step down as CEO and executive director on Jan. 1 and leave the company on March 31, Rio Tinto said. This article by Simply Wall St is general in nature. Investors were expecting the mining giant would pick an external candidate. We aim to bring you long-term focused analysis driven by fundamental data. However, Rio Tinto Group has produced strong earnings growth and shareholder returns over the last three years. Gender pay was a key focus for Rio Tinto during 2019, with the remuneration committee constantly monitoring both equal pay and gender pay gap across the company. “The committee maintains a focus on the gender diversity in senior management roles as a means to address the gender pay gap across the group,” Laidlaw explained. See our latest analysis for Rio Tinto Group. Mar. Pilbara Minerals has finalised its acquisition of the Altura lithium project. Pilbara Minerals has finalised its acquisition of the Altura lithium project. RTTNews . Jacques’ total remuneration including bonuses was £5.8 million ($11.3 million) last year, in line with the United Kingdom consumer price index (CPI). Alternatively, email editorial-team@simplywallst.com. "I would like once again to acknowledge J-S's strong leadership of Rio Tinto since 2016," Thompson said. “(This) reflects the slightly higher short-term incentive plan (STIP) pay-out and the estimated 24 percentage increase in the long-term incentive plan (LTIP) vesting outcome for 2019 compared to 2018.”. According to our data, Rio Tinto Group has a market capitalization of UK£78b, and paid its CEO total annual compensation worth US$7.1m over the year to December 2019. This demonstrates that the company has been improving recently and is good news for the shareholders. Read the latest. Jacques’ base salary of £1.11 million is still less than that of former BHP chief executive Andrew Mackenzie, whose base salary edged above at £1.33 million. Rio Tinto's Chief Executive, Director is J-S Jacques. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. J-S Jacques became the CEO of Rio Tinto Group (LON:RIO) in 2016, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. It’s FREE. Salaries posted anonymously by Rio Tinto employees. Fortescue Metals Group has awarded an $80 million contract at the Solomon Hub to RCR Mining Technologies and two contracts worth over $13 million at the Iron Bridge project to Jukawalyi Resources and Yulu Joint Venture. Laidlaw noted market competitiveness against relevant peer companies and pay equity, along with a focus on gender pay as key assessments in applying this increase. list of interesting companies that have HIGH return on equity and low debt. PromotedIf you’re looking to trade Rio Tinto Group, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? So check out this free list of interesting companies that have HIGH return on equity and low debt. Visit PayScale to research Rio Tinto Minerals salaries, bonuses, reviews, benefits, and more! So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size. ... Fortescue guides project development with contract awards - Australian Mining. Fortescue Metals Group has awarded an $80 million contract at the Solomon Hub to RCR Mining Technologies and two contracts worth over $13 million at the Iron Bridge project to Jukawalyi Resources and Yulu Joint Venture. Concerned about the content? While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.4m. Rio Tinto Names Jakob Stausholm CEO, as It Seeks to Rebuild Reputation New chief will be tasked with restoring trust with traditional owners of … Given the strong history of shareholder returns, the shareholders are probably very happy with J-S's performance. Rio Tinto Group named finance head Jakob Stausholm as chief executive officer, tapping a relative newcomer to manage the fallout over its destruction of … Moreover, J-S Jacques also holds UK£6.4m worth of Rio Tinto Group stock directly under their own name, which reveals to us that they have a significant personal stake in the company. Rio Tinto chief executive Jean-Sebastien Jacques has received a 27 per cent pay rise in 2019 for achieving high profits, safety rates and share growths at the company. Prior to this he was chief executive officer (CEO) of London-based mining company Rio Tinto Group, from 2013 to 2016.. We note that's an increase of 15% above last year. This is also retained for BHP’s incumbent chief executive Mike Henry. Rio Tinto Executive and Director Compensation 2011 In reading about the directors and executives for Rio Tinto ( Rio Tinto: Form 20-F ). Rio Tinto To Pay Former CEO Sam Walsh's Delayed Bonus . We note that's an increase of 15% above last year. Exploring Mining Podcast Episode 135 – Mining Stocks News From Rio Tinto, Barrick Gold, NovaGold, First Majestic Silver And Equity Metals Corp. Jan. 20, 2021 1:45 PM ET Cent as of March Fortescue guides project development with contract awards - Australian Mining, Share FacebookShare... Appointed Jakob Stausholm as its new chief executive on Thursday, subscribe to our free email newsletters straight. 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