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Tom Albanese, CEO of Rio Tinto during a visit to the Globe and Mail offices on Front St., Toronto, April 06, 2011. (Fernando Morales/The Globe and Mail)
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Alcan deal sealed Rio Tinto CEO’s fate
CARL MORTISHED
— Special to The Globe and Mail
Published
Last updated
First he had to give up the bonus and now he is giving up the job. Five years after he struck the deal to buy Alcan, the Canadian aluminum company has proven to be Tom Albanese’s nemesis. The chief executive of Rio Tinto has agreed to quit following today’s announcement that Rio is writing down its assets by $14-billion (U.S.), most of which relates to Alcan.
