Rio Tinto and Alcan Name Proposed Aluminium Business Executive Management Team

    MONTREAL, MELBOURNE, and LONDON, Oct. 10 /CNW Telbec/ - Rio Tinto and
Alcan today named the executive management team drawn from leaders of both
companies that will form the functional and operating structure of Rio Tinto
Alcan and will be instrumental in the integration. The organization is
conditional, and will become effective, upon the completion of Rio Tinto's
acquisition of Alcan Inc., expected in the fourth quarter of 2007.
    Dick Evans, Alcan's president and chief executive officer, will become
chief executive of the combined aluminium product group, Rio Tinto Alcan,
based in Montreal, and will report directly to Rio Tinto's chief executive,
Tom Albanese.
    Tom Albanese, Rio Tinto chief executive, stated: "As we approach the
closing of the transaction, it's important to hit the ground running with a
strong executive team that can begin to capitalize right away on our
leadership position in the aluminium industry. I am very pleased to have Dick
Evans leading an outstanding team drawn from the leaders of both Rio Tinto and
    Dick Evans commented, "The new Rio Tinto Alcan executive team will be
comprised of industry leaders with proven track records in their respective
roles, and they are an experienced, talented, and well-respected group of
professionals. I look forward to working with each of them to create a new
world leader in the aluminium industry, and also as part of an extremely
strong, diversified global organization. "
    The leaders of Rio Tinto Alcan's Business Units, responsible for the
strategic and operational performance of Rio Tinto Alcan's businesses
worldwide and reporting directly to Dick Evans, will be as follows:

    Steve Hodgson: President & chief executive officer, Bauxite and Alumina,
Rio Tinto Alcan. His responsibilities will include bauxite mines, alumina
refineries and specialty alumina businesses worldwide. The Bauxite and Alumina
Business Unit headquarters will be located in Brisbane, Australia.

    Jacynthe Cote: President & chief executive officer, Primary Metal,
Rio Tinto Alcan. Her responsibilities will include all primary metal
facilities and power generation installations worldwide. The Business Unit
headquarters will be located in Montreal, Canada.

    Christel Bories: President & chief executive officer, Engineered
Products, Rio Tinto Alcan. Her responsibilities continue to include Aerospace,
Transportation and Industry (ATI), Extruded Products, Alcan International
Network, Engineered and Automotive Solutions, Cable, Composites, and Specialty
Sheet. The Engineered Products Business Unit headquarters will continue to be
located in Paris, France.

    Until the completion of its planned divestiture, announced in July 2007,
Packaging will report to Dick Evans and be led by:

    Ilene Gordon: President & chief executive officer, Packaging, Rio Tinto
Alcan. Her responsibilities will continue to include Food packaging, Beauty
packaging, Tobacco packaging and Pharmaceutical packaging. The Packaging
headquarters will continue to be located in Paris, France.

    The Rio Tinto Alcan executive staff functions of Finance, Human Resources
and Communications & External Relations, reporting to Dick Evans, will be led

    Phillip Strachan will lead the Finance function at Rio Tinto Alcan. He
will also be responsible for Business Planning and Analysis, Information
Systems & Technology, and Business Improvement, as well as co-leader of the
Rio Tinto Alcan integration.

    Jean-Christophe Deslarzes will lead the Human Resources function at
Rio Tinto Alcan. He will also be responsible for Health, Safety and
Environment (HSE), as well as co-leader of the Rio Tinto Alcan integration.

    Corey Copeland will lead the Communications & External Relations function
at Rio Tinto Alcan. He will also be responsible for Government Relations and
Sustainable Development.

    Two additional functional leaders, Legal and Business Development, will
be announced at a future date. Until these announcements are made, business
will be conducted as usual in these areas.

    About Rio Tinto

    Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London 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 aluminium, 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.
    The Sharing Agreement (the agreement relating to the regulation of the
relationship between Rio Tinto plc and Rio Tinto Limited following the dual
listed companies merger) provides for the public shareholders of Rio Tinto plc
and Rio Tinto Limited to vote as a joint electorate on all matters which
affect shareholders of both companies in similar ways. These are referred to
as Joint Decisions. Joint Decisions are voted on a poll. To facilitate the
joint voting arrangements, each company has entered into shareholder voting
agreements. Each company has issued a Special Voting Share to a special
purpose company held in trust by a common trustee. Rio Tinto plc has issued
its Special Voting Share (RTP Special Voting Share) to RTL Shareholder SVC and
Rio Tinto Limited has issued its Special Voting Share (RTL Special Voting
Share) to RTP Shareholder SVC. The total number of votes cast on Joint
Decisions by the public shareholders of one company are voted at the parallel
meeting of the other company.

    About Alcan

    Alcan Inc. (NYSE, TSX: AL) is a leading global materials company,
delivering high quality products and services worldwide. With world-class
technology and operations in bauxite mining, alumina processing, primary metal
smelting, power generation, aluminum fabrication, engineered solutions as well
as flexible and specialty packaging, today's Alcan is well positioned to meet
and exceed its customers' needs. Alcan is represented by 68,000 employees,
including its joint ventures, in 61 countries and regions, and posted revenues
of US$23.6 billion in 2006. The Company has featured on the Dow Jones
Sustainability Indexes consecutively since 2002. For more information, please

    %B M %C 1,2,3,4,5,12,17,20,23 %D RTA Management Team

    Additional information

    The offer to purchase all of the issued and outstanding common shares of
Alcan for US$101 per common share in a recommended, all cash transaction (the
"Offer") is being made by Rio Tinto Canada Holding Inc. (the "Offeror"), an
indirect wholly-owned subsidiary of Rio Tinto. The Offer represents a total
consideration for Alcan common shares of approximately US$38.1 billion.
    The Offer is open for acceptance until 6.00 p.m., Canadian Eastern Time,
on October 23, 2007, unless extended. The Offer is subject to a number of
conditions including valid acceptances by holders of not less than
66 2/3 per cent of Alcan shares on a fully diluted basis and the receipt of
various governmental and regulatory approvals. The board of Rio Tinto has
approved the transaction. The Offer is expected to close in the fourth quarter
of 2007.
    This announcement is for information purposes only and does not
constitute or form part of any offer or invitation to purchase, otherwise
acquire, subscribe for, sell, otherwise dispose of or issue, or any
solicitation of any offer to sell, otherwise dispose of, issue, purchase,
otherwise acquire or subscribe for, any security. The Offer (as the same may
be varied or extended in accordance with applicable law) is being made
exclusively by means of, and subject to the terms and conditions set out in,
the offer and takeover bid circular delivered to Alcan and filed with Canadian
provincial securities regulators and the United States Securities and Exchange
Commission (the "SEC") and mailed to Alcan shareholders.
    The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or
distributed should inform themselves about and observe such restrictions.
    In connection with the Offer, an offer and takeover bid circular as well
as ancillary documents such as a letter of transmittal and a notice of
guaranteed delivery have been filed with the Canadian securities regulatory
authorities and the SEC and an Alcan directors' circular with respect to the
Offer has also been filed. A Tender Offer statement on Schedule TO (the
"Schedule TO") and a Solicitation/Recommendation Statement on Schedule 14D-9
(the "Schedule 14D-9") has also been filed with the SEC.


    The offer and takeover bid circular as well as other materials filed with
the Canadian securities regulatory authorities are available electronically
without charge at The Schedule TO and the Schedule 14D-9 are
available electronically without charge at the SEC's website,
Materials filed with the SEC or the Canadian securities regulatory authorities
may also be obtained without charge at Rio Tinto's website,
    While the Offer is being made to all holders of Alcan common shares, this
announcement does not constitute an offer or a solicitation in any
jurisdiction in which such offer or solicitation is unlawful. The Offer is not
being made in, nor will deposits be accepted in, any jurisdiction in which the
making or acceptance thereof would not be in compliance with the laws of such
jurisdiction. However, the Offeror may, in its sole discretion, take such
action as it may deem necessary to extend the Offer in any such jurisdiction.
    The Offer is made to holders in France of Alcan common shares admitted to
trading on Euronext-Paris. An announcement including the main information
relating to the Offer documents has been prepared and released pursuant to
article 231-24 of the AMF General Regulation and contains information relating
to how and in which time limit Alcan shareholders residing in France can
accept this Offer. The offer document and the announcement prepared pursuant
to article 231-24 of the AMF General Regulation, as amended on 17 September
2007, are available free of charge to the holders of Alcan Shares registered
with Euroclear France who request it from Citi France, Global Transaction
Services, Operations department, 19 le Parvis la Défense 7, 92073 Paris la
Défense. They are also available on the internet at the following address:
    The Offer is made to holders in Belgium of Alcan common shares and/or
certificates admitted to trading on Euronext Brussels (the "IDRs"). A Belgian
supplement, addressing issues specific to holders of Alcan common shares
and/or IDRs in Belgium (the "Belgian Supplement") was approved by the Belgian
Banking, Finance and Insurance Commission (the "BFIC") on 2 August 2007. A
notice of extension of the Offer was approved by the BFIC on 18 September
2007. The offer document, the Belgian Supplement and the notice of extension
are available free of charge to the investors in Belgium who request it from
the Belgian branch of Citibank International plc, Department GTS Operations,
4th floor, boulevard Général Jacques 263G, 1050 Brussels. They are also
available on the internet at the following address:

For further information:

For further information: Rio Tinto contact information: Media Relations,
London: Christina Mills, +44 (0) 20 8080 1306, Mobile: +44 (0) 7825 275 605;
Nick Cobban, +44 (0) 20 8080 1305, Mobile: +44 (0) 7920 041 003; Media
Relations, Australia: Ian Head, +61 (0) 3 9283 3620, Mobile: +61 (0) 408 360
101; Amanda Buckley, +61 (0) 3 9283 3627, Mobile: +61 (0) 419 801 349;
Investor Relations, London: Nigel Jones, +44 (0) 20 7753 2401, Mobile: +44 (0)
7917 227 365; David Ovington, +44 (0) 20 7753 2326, Mobile: +44 (0) 7920 010
978; Investor Relations, Australia: Dave Skinner, +61 (0) 3 9283 3628, Mobile:
+61 (0) 408 335 309; Investor Relations, North America: Jason Combes, +1 (0)
801 685 4535, Mobile: +1 (0) 801 558 2645;;; High resolution photographs available at:; Alcan contact information: Media Relations: Anik Michaud,
+1-514-848-8151,; Investor Relations: Ulf Quellmann,

Organization Profile


More on this organization

Rio Tinto PLC

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890