05:41 AM EDT, 08/27/2025 (MT Newswires) -- Rio Tinto (RIO) said Wednesday it is launching a new operating model along with a reshuffling of its executive team.

The global mining company said it will reorganize its structure into three businesses: iron ore, aluminium and lithium, and copper.

Rio Tinto named Matthew Holcz as chief executive of iron ore and Jerome Pecresse as chief executive of aluminum and lithium, while Katie Jackson will become chief executive of copper.

The company said its borates and iron and titanium businesses will move under the chief commercial officer's portfolio for strategic review. It also said the changes "simplify and streamline" the company to improve shareholder value.

Sinead Kaufman will leave Rio Tinto at the end of October and the chief executive Australia role, currently occupied by Kellie Parker, will be eliminated, the company said.