22nd May 2025 08:32
(Alliance News) - Rio Tinto PLC on Thursday said Jakob Stausholm will step down as chief executive "later this year", following the end of a succession process.
Stausholm joined Rio in 2018 as chief financial officer and became CEO at the start of 2021. He will continue to lead the London-based miner while a successor is appointed.
Rio Tinto Chair Dominic Barton said: "Under Jakob's leadership, Rio Tinto has restored trust with key stakeholders, aligned our portfolio with the commodities where demand growth is strongest, built a diverse and talented management team, and set a compelling growth trajectory. Our focus on these things is undiminished and our strategic priorities are unchanged. This is a natural moment to appoint Jakob's successor, as we look ahead to our next phase in which we will double down to deliver greater operational performance to realise the full potential of our assets."
Outgoing CEO Stausholm said: "We have built on Rio Tinto's historic strengths to deliver profitable, stable growth and significant shareholder value. I know the company will continue to thrive long into the future."
Rio Tinto shares were 0.4% lower at 4,635.00 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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