Changes streamline management structure and reduce costs
Aug. 1, 2013
South Jordan, Utah – Rio Tinto has restructured Kennecott’s executive management team as a result of the April 10 landslide and as part of a global effort to streamline operations and reduce costs. These changes will create efficiencies and position Kennecott for long-term success as the business recovers from the April event.
Kelly Sanders will be transitioning as Kennecott’s president and chief executive officer to another role within Rio Tinto that will be announced at a later date. This change will be effective Sept. 1, 2013. Sanders has served as Kennecott’s president and CEO since 2009 and also previously served as the company’s chief operating officer. Prior to joining Kennecott, Sanders served in various leadership roles at Rio Tinto Energy America, Rio Tinto Coal Australia and Rio Tinto Energy America’s Colowyo Mine in Colorado.
“Leading this organization has been a tremendous privilege,” said Kelly Sanders, Kennecott president and CEO. “I’m proud of what this organization has achieved, and I would like to thank the employees and senior leadership team for making my time here so fulfilling.”
Stephane Leblanc, Kennecott’s COO, will maintain his duties as COO and assume the responsibility of Kennecott’s managing director. Leblanc has more than 20 years of experience in the mining industry. Prior to joining Kennecott as the COO, Leblanc served as the general manager at Rio Tinto Alcan’s Sebree smelter in Kentucky and held several leadership roles with Rio Tinto Alcan in operations management and health, safety and environment.
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About Rio Tinto Kennecott
As the second largest copper producer in the United States, Rio Tinto Kennecott comprises nearly 25 percent of U.S. copper production. Kennecott’s Bingham Canyon Mine is one of the top producing copper mines in the world with production at more than 19 million tons. In 2012, Kennecott produced 179,317 tons of copper, 279,200 ounces of gold, 2.4 million ounces of silver, and 20 million pounds of molybdenum. Rio Tinto purchased Kennecott and related facilities in 1989 and has invested more than $2 billion in modernization since that time. Kennecott has also spent more than $350 million on the cleanup of historic mining waste and $100 million on groundwater cleanup. Rio Tinto employs 2,800 people and influences more than 14,000 indirect Utah jobs. In 2011, Kennecott invested $1.2 billion in the state of Utah in wages, benefits, taxes and purchases from nearly 1,000 Utah area businesses. Take a closer look at kennecott.com.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the United Kingdom, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Southern Africa. www.riotinto.com.