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01 November 2016

News - Former Rio Tinto CEO, Sam Walsh, announced as next CIPS President

By SalesProEd @ 14:43 :: 4578 Views :: 0 Comments :: Article Rating
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The Chartered Institute of Procurement & Supply (CIPS) is delighted to announce that Sam Walsh, previously CEO for international mining company, Rio Tinto, has been appointed CIPS President for 2016/2017. Sam succeeds Richard Masser, CEO of Crestwood Group.

Mr. Walsh will take up the CIPS Presidency from today, having retired in July after 25 years with Rio Tinto. As a senior ambassador for the Institute over the next 12 months, he plans to use his position and experience to increase the influence of the procurement profession.  Another key part of Mr. Walsh’s role as CIPS President will be to increase CIPS’s global reach, while raising awareness of issues such as supply chain corruption and sustainability.

As a fellow of the Institute, Mr. Walsh has already been heavily-involved with CIPS’s work for a number of years. In 2013, he received CIPS’s Supply Management Award for CEO Procurement Champion, in recognition of his contribution to the procurement profession.

On the announcement of his new position, Mr. Walsh said: “Procurement has always been an area of great interest and importance for me. As CIPS President, I’m hoping to use my profile to raise interest in the profession and increase awareness among company CEOs of the benefits a dependable purchasing organisation can bring. In order to effectively tackle challenges in modern supply chains, such as cyber-security and modern slavery, trained purchasing professionals are invaluable.”

Mr. Walsh began his career as a trainee buyer at General Motors in his native Australia. While leading Rio Tinto, he and his team cut more than $6bn of costs and returned more than $13bn to shareholders. He believes procurement and supply professionals can grab the attention of senior management by delivering value and helping it to physically succeed. He also believes procurement professionals can play a key role in delivering innovation as they are ideally placed to bring in new techniques and ideas from outside.

David Noble, Group CEO, CIPS said: “We are very proud to have Sam Walsh as the next CIPS President. Sam is a great example of a procurement professional successfully streamlining supply chains and adding value to the business, and through that rising to the position of CEO of one of the biggest companies in the world. He is a strong supporter of the profession and has already worked with CIPS in a number of ways.

"With his vast experience as a top business leader with a strong procurement background, he is ideally placed to broaden the reach and influence of the procurement profession globally, as well as CIPS’s role within it.”    

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