Rio Tinto CEO Jakob Stausholm to step down
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The news: Rio Tinto chief executive Jakob Stausholm will step down later this year after a successor is appointed.
The context: Rio Tinto said now was a “natural moment” to appoint a successor as it looked to the next phase of the company. It said Stausholm had reset Rio Tinto’s strategy to align the group to the opportunities of the energy transition.
Stausholm joined the company in 2018 as executive director and chief financial officer and was promoted to CEO in 2021.
What they said: 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.”
The source: ASX
