Sir Mick Davis, the Conservative Party chief executive, is planning a stunning return to of one of the world’s biggest mining companies as the next chairman of Rio Tinto, the FTSE-100 natural resources group.
Sky News reported that Davis, who spearheaded the growth and eventual £20bn sale of Xstrata close to five years ago, is in discussions with the board of Rio Tinto about the move.
A City source told Sky News that Rio Tinto was motivated to complete the appointment of Jan du Plessis’ successor as chairman in the next few weeks.
Davis was named as the Tory party’s chief executive by Theresa May after the loss of the Conservative majority in June. He has been spearheading a review of how the party handled the election