Tom Albanese

Tom Albanese to step down as Vedanta CEO in August 2017

Tom Albanese
Albanese at the 2012 World Economic Forum annual meeting
Born (1957-09-09) September 9, 1957
United States
OccupationBusinessman

Tom Albanese (born (1957-09-09)September 9, 1957)[1] was the former chief executive officer of the Vedanta Resources and was the former chief executive officer and a board member of the Rio Tinto Group. He was asked to resign from Rio Tinto on January 17, 2013 and was replaced by Sam Walsh.[2][3]

Biography

Albanese was born in New Jersey[1] and earned both a bachelor's degree in mineral economics and a master's in mining engineering[4] from the University of Alaska Fairbanks.[5]

Career

According to Forbes magazine, Albanese's total 2007 compensation was valued at $12,596,000.[6] He has previously held several managerial positions within Rio Tinto's organization, including at North Limited and Kennecott Utah Copper. Albanese joined the company in 1993, when Rio Tinto acquired his previous employer, NERCO.[5] He has also served on the boards of Ivanhoe Mines (2006–07) and Palabora Mining Company (2004–06).[4]

In March 2014 he became the CEO of London-based mining company Vedanta Resources.[7]

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References
  1. Webb, Tim (December 10, 2006). "Tom Albanese: Green-tinted Rio". The Independent. Retrieved April 16, 2009.
  2. "Rio Tinto impairments and management changes" (Press release). Rio Tinto Group. January 17, 2013. Retrieved September 23, 2013.
  3. "Rio Tinto chief Albanese steps down.Albanese has joined vedanta group in 2013". The Age. Retrieved January 17, 2013.
  4. "Rio Tinto: Who We Are". Rio Tinto Group website. Rio Tinto Group. Retrieved April 16, 2009.
  5. "Executive Profile: Tom Albanese". Bloomberg BusinessWeek. Retrieved April 16, 2009.
  6. "Tom Albanese". Forbes. Retrieved April 16, 2009.
  7. Ex-Rio Tinto chief Tom Albanese becomes CEO of Indian miner Vedanta The Sydney Morning Herald, published: March 7, 2014. Retrieved November 4, 2014
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