Ex-Rio exec Ivan Vella, who breached confidentiality rules, confirmed as IGO CEO
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The news: A former Rio Tinto executive found to have breached confidentiality rules has secured the chief executive role at miner IGO.
The context: Ivan Vella will begin his new position next month after IGO said it had reviewed the facts of his departure from Rio Tinto and found that while "not all appropriate procedure was followed", no confidential information was compromised. Vella has accepted accountability for the policy breach.
Vella held senior roles at Rio Tinto in aluminium, coal, copper and iron ore during his 20 years at the business.
IGO said after reviewing the full circumstances, it had confidence in Vella's character, integrity and professionalism.
What they said: "I regret the events that led to my early departure from Rio Tinto but, having been passionately dedicated to Rio Tinto for over 20 years of my life, I can confirm there was no mal-intent. I am now very excited to be joining the IGO team and working together to deliver the full potential of IGO's purpose," Vella said.
The source: ASX announcement
