Rio Tinto (NYSE:RIO) is undergoing a major restructure under a newly appointed CEO, Simon Trott, who took over the role on Monday. On Wednesday, he unveiled a radical simplification of the miner's operations into three core business units: iron ore, copper, and a combined aluminium–lithium group.
Trott, who previously headed the company's coveted iron ore division, said the changes would deliver sharper focus and greater accountability across the group.
