Armando Torres has been a member of the Oyu Tolgoi Board and as Rio Tinto Managing Director – Oyu Tolgoi since 2016. Mr Torres will continue as a member of the Oyu Tolgoi Board.

Mr Torres assumes the role from Stephen Jones, who held the role of acting Chief Executive Officer. Mr Jones moves into the role of Chief Operating Officer for the business.

Mr Torres has been a senior leader with the Rio Tinto Group for the past six years, joining as Chief Operations Officer of the Bauxite & Alumina business unit in Rio Tinto Aluminium, overseeing operations in Australia and Canada before moving into the role of head of operations and Transformation Lead for Rio Tinto’s alumina businesses.

Batsukh Galsan, Chairman of Oyu Tolgoi’s Board of Directors, said: “The Board of Directors is pleased to appoint Armando Torres as the company’s CEO. Armando has a proven track record of delivering successful business transformation while strengthening local capability, communities and diversity and the Board is confident that he will provide the Company with the leadership and drive to continue Oyu Tolgoi’s journey and strong performance. The Board would like to thank Stephen for his significant and continuing contribution and strong leadership, which provides a robust foundation for the next phase of Oyu Tolgoi’s journey.”