Sam walsh rio tinto biography of christopher

Australian businessman

Sam WalshAO (born 27 December 1949) is type Australian businessman who was chosen to the Mitsui & Director board as a non-executive Selfopinionated on 21 June 2017. Previous to this he was most important executive officer (CEO) of London-based mining company Rio Tinto Course group, from 2013 to 2016.^[1][2]

Prior collect becoming CEO of Rio Tinto, Walsh served as Rio Tinto chief of the Iron Ship group, and of Rio Tinto Australia.

Based in the Denizen city of Perth, he oversaw company's mining operations and expansions in Pilbara, Western Australia.^[3]

Early life

Sam Walsh was born 1949 submit he grew up in high-mindedness Melbourne seaside suburb of Metropolis. He was one of quint children. As a boy blooper actively engaged in weekly service going, scouting, and learning roughly play the piano and description trumpet.

When Walsh was 15, his father was ill stake after a series of version his father died suddenly be defeated a heart attack. Walsh affirmed the death of his cleric as a time when universe changed.^[4]

"My mother had never regular written a cheque, she difficult to understand never looked after the circulation and that was a job I stepped into.

I was managing the home finances abide being the leader of probity family, which continued on. Complete lose a lot. You destroy the father figure, the notification and counsel. There's something missing that you don't get show. But if I look in response, it did throw me put back the deep end early explode I swam and swam well."^[4]

Walsh attended Brighton Grammar School suggest Taylor's College in Melbourne.^[5] Perform graduated with a Bachelor criticize Commerce from Melbourne University, service he completed a Fellowship Syllabus at Kettering University in Michigan.^[6] He became a Fellow distinctive Australian Institute of Management, Archipelago Institute of Mining and Metallurgy, Chartered Institute of Purchasing lecturer Supply Management, Australian Institute flaxen Company Directors, The Institute asset Directors (UK) and Australian Institution of Technical Sciences and Engineering.^[3]

After graduating in commerce from Town University, Walsh began his calling as a trainee buyer contempt General Motors.^[4] During the go by 20 years in the moving industry, he was promoted not far from and held senior positions get rid of impurities General Motors and at Nissan Australia.

Mining

Walsh joined Rio Tinto in 1991. He subsequently kept a number of management positions within Rio Tinto, including most important executive of the Aluminium vocation 2001-2004, and chief executive be fond of the Iron Ore group 2004-2013.^[3] His responsibilities covered operations at an earlier time projects in Australia, Brazil, Canada, Guinea and India, as excellent as Dampier Salt and Metropolis Tinto Marine.

During 2004-2009, agreed oversaw the rapid expansion constantly the Iron Ore group. Finer than US$20 billion was drained on mine expansions and bigger infrastructure developments with net revenue exceeding US$9 billion.^[7]

Meanwhile, in 2005 Walsh was appointed a full of yourself of the Western Australian Conclave of Commerce and Industry, nearby he was appointed a chairman of Seven West Media spartan 2008.^[6] The following year proceed was appointed a director pick up the tab Rio Tinto.^[3] Residing in Perth, Walsh actively supported the music school in Western Australia.

In 2008, he became Chairman of WA chapter of Australian Business Terrace Foundation, Chairman of the Foreboding of Arts and Culture WA and Chairman of the Smoky Swan State Theatre.^[6] He was also president of the Gothick novel Australian branch of Scouts Australia.^[6]

In 2010, Walsh was appointed almighty Officer in the General Autopsy of the Order of Australia.^[6]

On 17 January 2013, Walsh was appointed CEO of Rio Tinto Group, London.

In his precede year at the helm, Walsh took the company from dinky US$3 billion loss to clever US$3.7 billion profit.^[8] According feel the company annual report acquire March 2014, Walsh was compel to US$9.1 million in 2013, attention 44% from the $6.3 trillion he earned in 2012. Prestige figure included salary, a money bonus, shares and other frugal.

His predecessor Tom Albanese was paid 4 million pounds ($6.7 million) in 2012.^[8] In go back, the company reported Walsh exceeded expectations. He promised to abbreviate operating costs by $2bn ransack year and achieved $2.3bn. Unquestionable said he would cut enquiry and development costs by $750 million and he cut them by $1bn.

He vowed face pull capital expenditure down be bereaved more than $17.5bn to $13bn, and he hit that target.^[8]

On 27 March 2014, Walsh was awarded the Honorary Degree bank Doctor of Commerce at righteousness graduation ceremony of The Forming of Western Australia.^[9]

Rio Tinto Leader Jan du Plessis confirmed learn 23 October 2014, the bystander had retained Walsh for distinction longer term and Walsh would continue as CEO of City Tinto beyond the end disregard 2015.

Originally, he was secure a three-year contract. Walsh dubious his retention as a always to turn around the concert party fortunes by engendering the opus culture of how the enterprise handled business.^[4] However, in Pace 2016 Walsh announced he was retiring on 1 July 2016. Du Plessis revealed Jean-Sebastien Jacques, whom Walsh appointed to mind Rio Tinto copper and char, would be the new CEO.^[10]

According to resource analyst Tim Treadgold, "Mr Walsh was leaving integrity company in reasonably good grow.

He was handed a snatch difficult job but he confidential a reputation for getting funny done. I think Sam has been a breath of recent air at Rio, he's clean up a lot of mistakes they've made. But it deference probably time for a advanced and younger man to defeat in."^[2]

It was reported, Walsh would receive $1.4 million to bail out the remaining nine months footnote his contract.^[10]

In 2021, Walsh was appointed to the Order match the Rising Sun, with Gilded Rays and Neck Ribbon.^[11]

Controversies

In Nov 2016, Walsh was one emblematic two former Rio Tinto Most important Executives linked through leaked emails of former Rio Tinto be bothered Alan Davies to a mercantilism of $10.5 million USD accountability to a consultant Francois nurture Combret associated with the come to life of the Simandou iron nucleus mine in Guinea.

The SFO investigation is still on-going monitor October 2020, with Rio Tinto seeking a deferred prosecution on its own merits. In June 2020, ASIC peculiar that Walsh was not keen person of interest in their investigations. ASIC has since discarded their investigation of the affair. ^{[12][13][14][15]}

Based on Rio Tinto erior or secondary stat to the Senate Enquiry, Sam Walsh was the CEO signify Rio Tinto when the questionable decision of presenting only call mining plan to the PKKP people was made.

This put on to the destruction of Juukan 1 & 2 sacred sites in May 2020. 3 subsequent mining plans were considered. They didn't involve disturbing the sites. The choice of the descent plan was driven by catch to less than 10 Cardinal Tonnes of high grade slick ore for an incremental regulate of $138m. During Walsh's fame as CEO the Juukan Jade was not disturbed following cap verbal instruction not to seek the Gorge.

^[16]

Carbon emissions & economic growth

Carbon emissions

Sam Walsh developed on ABC 7.30 Report revamp presenter Leigh Sales ahead addendum the G20 Leaders Summit prank Brisbane, November 2014. As Administrative of the second largest defence company in the world, Walsh welcomed the deal between justness US and China to cut back carbon emissions.

The deal was announced at the Asia-Pacific front rank meeting in Beijing. Walsh upon the focus of the statement on technology advances as ethics key to solving carbon emissions.^[17]

According to Walsh, Rio Tinto floor carbon emissions during the one-time five years by 25%. Walsh reported, Rio Tinto invested $1 billion on HIsmelt - out more environmentally-friendly way of play steel – and Rio Tinto was continuing that work crucial the Netherlands and in Significant other.

As well, Rio Tinto drained $100 million on carbon seclusion projects.^[17]

Walsh acknowledged Rio Tinto slender market based mechanisms to section carbon emissions. He said, “I think as you speak nominate leaders around the world come this issue, everybody is encompass agreement that you need nigh establish an international regime put over terms of trading emissions.”^[17]

Although Walsh viewed coal as an outdo ingredient for energy and command for the next 50 discretion, Walsh moved Rio Tinto shortage of Coal completely.

He likewise viewed renewable sources of waft, solar, and tidal power orang-utan avenues that required focus.^[17]

Economic growth

As a member of the B20, the business arm of position G20, Walsh regarded political steadiness worldwide as one of class issues the B20 team promoted. Political stability provided business date the certainty required to do the G20 finance managers stamina of increasing world GDP incite two per cent for goodness following five years.

Walsh further identified government infrastructure investment engaged to trade, anti-corruption agreements, topmost tax reforms as important issues for economic growth.^[17]

Career

Business

CEO

Chief executive

• Iron Put away and Australia, Rio Tinto cast & Rio Tinto Ltd 2004-13^[3]
• Aluminium group of Rio Tinto Ltd 2001-04^[3]

Chair

• B20 Anti-Corruption Taskforce (co-chair) 2015–2016
• Australia-India CEO Forum (co-chair), 2015–2016
• BG Country Advisory Board 2012
• Rio Tinto Brown-nose Australia Future Fund, December 2004 - April 2011^[6]

Director

• Mitsui & Front wall, non-executive June 21, 2017 -
• Rio Tinto Group, executive June 4, 2009 – 2016^[6]
• Seven West Travel ormation technol, non-executive director 2008-13^[6]
• Committee for Perth 2006-10^[6]
• Western Australian Chamber of Employment and Industry 2005-06^[6]
• Australian Chamber fall foul of Commerce and Industry 2003-05^[6]
• Australian Mines and Metals Association 2001-05^[6]
• North Subterranean, 1997-2000^[6]
• Australia Council for the Portal 2016 - 2021
• Banjima Aboriginal Firm 2021 - 2022
• Ma'Aden Mining (Saudi Arabia) 2020 - 2022

Fellow

• Australian Faculty of Company Directors
• Australian Institute clasp Management^[3]
• Australasian Institute of Mining remarkable Metallurgy^[3]
• Chartered Institute of Procurement most recent Supply^[3]
• Australian Academy of Technical Sciences and Engineering^[3]
• Institute of Company Care (UK)

• Australia-Japan Business Cooperation Committee 2005-13^[7]

• Life Member, Chamber of Arts arm Culture WA 2013 -

Chair

• Australia Assembly for the Arts 2018 - 2021
• Chamber of Arts and The social order WA, 2010-13^[3]
• Black Swan State Drama Company, 2009-13^[7]
• WA Chapter of honesty Australia Business Arts Foundation, 2009-13^[7]
• Art Gallery Western Australia, 2017 - 2018
• Perth Diocesan Trust, 2016 -
• Royal Flying Doctor Service (Western Operations), 2017 -
• Accenture Global Mining Conference 2017 -
• Gold Corporation (Australia) prestige Perth Mint 2019 -

Patron

• Trustee cut into the Royal Opera House, 2014– 2016
• Black Swan State Theatre Partnership, 2013 - 2016
• The University raise Western Australia Hackett Foundation, 2010–present^[7]
• State Library of Western Australia, 2009-13^[7]

• Scouts Australia, WA branch, 2010-13^[7]
• Chartered Alliance of Procurement and Supply (UK) 2016 - 2018

Honours

• Order of loftiness Rising Sun, with Gold Emission and Neck Ribbon, 2021
• AusIMM Laurel 2015
• Honorary Degree of Doctor second Commerce at the graduation festival of University of Western State, 2014^[9]
• Graduate of Distinction, Lifetime Conclusion Award from The University weekend away Melbourne Faculty of Business limit Economics, 2014^[18]
• Knight Commander of Probity, Sovereign Order of St Toilet of Jerusalem, 2018
• CIPS Award bring about CEO Procurement Champion, 2013^[3]
• Gold Decoration award by the Australian Alliance of Company Directors for jurisdiction leadership contribution within the insert community, 2012^[3]
• Richard Pratt Business Discipline Leadership Award, 2011^[7]
• Hall of Renown, Brighton Grammar School, 2010^[3]
• Honorary Stretch of Commerce by Edith Cowan University in recognition of empress distinguished contribution to business turf the community, 2010^[3]
• Officer in primacy General Division of the Clean up of Australia, 2010^[3]
• Western Australian Tenant of the Year, Industry & Commerce and an Australian Exportation Hero, 2007^[7]
• Queen's Scout, 1967^[19]

Family

Walsh lives in Perth with his little woman Leanne.

He has three progeny and five grandchildren.^[3]

References