Are Rio Tinto’s Top Institutional Investors Worried About the CFO Role?

So far in 2012, Rio Tinto Plc’s (NYSE:RIO) shares are down 5.05 percent. On Thursday, the company announced that CFO Guy Elliott will retire at the end of 2013; he has held the position for over a decade during his 32-year tenure with Rio Tinto.

Chairman Jan du Plessis said the company plans to move around numerous senior executives and divide up responsibility for the executive strategy from the CFO role as the company prepares for Elliot’s exit.

With the change at CFO, will Rio Tinto’s largest shareholders decrease their holdings? 10 institutional firms indicated owning shares of Rio Tinto Plc (NYSE:RIO) in Q2 2012. These firms reported owning a total of 249,271 shares on 06/30/2012. The shares closed at $47.81 on 06/30/2012.

Here are the ten largest positions in Rio Tinto Plc at the end of June 30th, 2012.

Kempner Capital Management Inc. held 98,605 shares on 06/30/2012 worth $4,714,305. This brought the portfolio total to 1.65%.

Chevy Chase Trust Holdings Inc. held 67,437 shares on 06/30/2012 worth $3,224,163. This brought the portfolio total to 0.04%.

Grassi Investment Management LLC held 45,450 shares on 06/30/2012 worth $2,172,965. This brought the portfolio total to 0.75%.

Fulton Bank N.A. held 9,120 shares on 06/30/2012 worth $436,027. This brought the portfolio total to 0.06%.

Huntington National Bank held 8,941 shares on 06/30/2012 worth $427,469. This brought the portfolio total to 0.01%.

Navellier & Associates Inc held 6,982 shares on 06/30/2012 worth $333,809. This brought the portfolio total to 0.01%.

Boyd Watterson Asset Management LLC/OH held 6,282 shares on 06/30/2012 worth $300,342. This brought the portfolio total to 0.19%.

First Republic Investment Management Inc. held 6,269 shares on 06/30/2012 worth $299,721. This brought the portfolio total to 0.01%.

Obermeyer Asset Management Co held 145 shares on 06/30/2012 worth $6,932. This brought the portfolio total to 0.0%.

Ledyard National Bank held 40 shares on 06/30/2012 worth $1,912. This brought the portfolio total to 0.0%.

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