Core Viewpoint - Rio Tinto's new CEO Simon Trott is initiating a business restructuring aimed at simplifying operations and focusing on core assets [1] Group 1: Leadership Changes - Simon Trott, who previously led the iron ore business, has officially taken over as CEO and is tasked with streamlining operations and controlling costs [1] - Matthew Holcz has been appointed to lead the iron ore division, while Sinead Kaufman, the former head of the mining division, will leave the company by the end of the year [1] - Trott's appointment follows the dismissal of Jacob Stausholm, indicating a significant management shift within the company [1] Group 2: Business Restructuring - The company announced a reorganization into three main business units: iron ore, aluminum and lithium, and copper [1] - The restructuring will merge the new Simandou iron ore project in Guinea with existing iron ore operations in Australia, and will also integrate the aluminum and lithium business segments [1] - The company plans to review its borates and titanium businesses under the mining division [1] Group 3: Strategic Focus - The restructuring is seen as a critical step for the new management to drive the company's transformation and adopt a more innovative strategic approach [1]