Tom Albanese
Encyclopedia
Tom Albanese is the chief executive officer
and board member
of the Rio Tinto Group
.
and earned both a bachelor's degree in mineral economics and a master's in mining engineering from the University of Alaska Fairbanks
.
magazine, Albanese's total 2007 compensation was valued at $12,596,000. 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
. He has also served on the boards of Ivanhoe Mines
(2006–07) and Palabora Mining Company
(2004–06).
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and board member
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the Rio Tinto Group
Rio Tinto Group
The Rio Tinto Group is a diversified, British-Australian, multinational mining and resources group with headquarters in London and Melbourne. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto river, in Huelva, Spain from the...
.
Biography
Albanese was born in New JerseyNew Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
and earned both a bachelor's degree in mineral economics and a master's in mining engineering from the University of Alaska Fairbanks
University of Alaska Fairbanks
The University of Alaska Fairbanks, located in Fairbanks, Alaska, USA, is the flagship campus of the University of Alaska System, and is abbreviated as Alaska or UAF....
.
Career
According to ForbesForbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
magazine, Albanese's total 2007 compensation was valued at $12,596,000. He has previously held several managerial positions within Rio Tinto's organization, including at North Limited and Kennecott Utah Copper
Kennecott Utah Copper
Kennecott Utah Copper Corporation , a division of Rio Tinto Group, is a mining, smelting, and refining company. Its corporate headquarters are located in South Jordan, Utah, USA. Kennecott operates one of the largest open-pit copper mines in the world in Bingham Canyon, Salt Lake County, Utah. ...
. Albanese joined the company in 1993, when Rio Tinto acquired his previous employer, NERCO
NERCO
NERCO was an American mining company headquartered in Portland, Oregon with interests in coal, natural gas, and oil. The company also had significant operations in gold and silver mining, and manufacture of gallium arsenide wafers....
. He has also served on the boards of Ivanhoe Mines
Ivanhoe Mines
Ivanhoe Mines Ltd. is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbia. Its focus is on the pacific rim where it is in the process of developing several large mines, the principal one being the Oyu Tolgoi Project in Southern Mongolia 200 km...
(2006–07) and Palabora Mining Company
Palabora
Palabora Mining Company Limited is a publicly-traded mining company headquartered in Phalaborwa, Limpopo province, South Africa. The company operates a single cluster of open-pit and underground mines producing mainly copper as well as byproducts such as anode slimes, nickel sulphate, sulphuric...
(2004–06).