Rio Tinto announced that Chief Executive Jakob Stausholm will step down later this year, following the completion of a planned succession process. Jakob joined Rio Tinto in 2018 as Executive Director and Chief Financial Officer, and was appointed Chief Executive in January 2021.
Under his leadership, Rio Tinto has sharpened its strategic focus, positioning the company to seize the opportunities of the global energy transition. He has set a clear course for long-term, profitable growth, laying the foundation for Rio Tinto’s next chapter as a leader in responsible, future-facing materials.
Rio Tinto Chief Executive Jakob Stausholm said, “It has been an absolute privilege to lead Rio Tinto, one of the great mining and materials companies in the world. I would like to thank the deeply dedicated and talented people across the organisation that together have raised both operational performance and project execution. 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.”
Jakob will remain in his role as Chief Executive and continue to serve on the Board of Directors until a successor is appointed. The Nominations Committee has already initiated a thorough selection process to identify his replacement.
Rio Tinto Chair Dominic Barton stated, “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. I would like to thank Jakob for his significant contribution to Rio Tinto at a critical time in its evolution.”
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