Tom Albanese Explained

Tom Albanese
Birth Date:September 9, 1957
Birth Place:United States
Occupation:Businessman

Tom Albanese (born 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] Albanese to stepped down as Vedanta CEO in August 2017.

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 from the University of Alaska Fairbanks.[4]

Career

According to Forbes magazine, Albanese's total 2007 compensation was valued at $12,596,000.[5] 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.[4] He has also served on the boards of Ivanhoe Mines (2006–07) and Palabora Mining Company (2004–06).[6]

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

Notes and References

  1. Web site: Tom Albanese: Green-tinted Rio. https://ghostarchive.org/archive/20220621/https://www.independent.co.uk/news/people/profiles/tom-albanese-greentinted-rio-427754.html . June 21, 2022 . subscription . live. Webb. Tim. December 10, 2006. The Independent. 16 April 2009.
  2. Rio Tinto impairments and management changes . January 17, 2013 . . 23 September 2013 .
  3. News: Rio Tinto chief Albanese steps down.Albanese has joined vedanta group in 2013.. January 17, 2013. The Age.
  4. Web site: Executive Profile: Tom Albanese. https://web.archive.org/web/20080518214451/http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=8048018&symbol=RTP. dead. May 18, 2008. Bloomberg BusinessWeek. 16 April 2009.
  5. News: Tom Albanese. https://web.archive.org/web/20081016054607/http://people.forbes.com/profile/tom-albanese/68436. dead. October 16, 2008. Forbes. 16 April 2009.
  6. Web site: Rio Tinto: Who We Are. Rio Tinto Group website. Rio Tinto Group. 16 April 2009.
  7. http://www.smh.com.au/business/exrio-tinto-chief-tom-albanese-becomes-ceo-of-indian-miner-vedanta-20140306-34a51.html Ex-Rio Tinto chief Tom Albanese becomes CEO of Indian miner Vedanta

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