After four years at the helm, Rio Tinto Chief Executive Jakob Stausholm will be stepping down later this year. The miner said “a rigorous selection process is already underway” to find his successor.
“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,” said Rio Tinto Chair Dominic Barton.
“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 realize the full potential of our assets. I would like to thank Jakob for his significant contribution to Rio Tinto at a critical time in its evolution.”
Stausholm joined Rio Tinto in 2018 as executive director and chief financial officer, and was promoted to CEO in January 2021. Under his tenure, Stausholm has reset Rio Tinto’s strategy to align the group to the opportunities of the energy transition and shaped a pathway to a decade of profitable growth.
Stausholm will continue in his current role until a successor is appointed.
Source: Rio Tinto