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Rio Tinto appoints new CEO

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Jakob Stausholm. Image credit: Rio Tinto.

(Kitco News) - Rio Tinto announced today that it has appointed Jakob Stausholm as chief executive, effective 1 January 2021.

According to the company’s statement, since joining Rio Tinto as an executive director and chief financial officer in 2018, Mr Stausholm has played a leading role in the Group’s strong performance, maintaining capital allocation discipline and delivering significant shareholder returns, while strengthening the balance sheet.

Chairman Simon Thompson said, “I am pleased to announce the appointment of Jakob as Chief Executive of Rio Tinto. His blend of strategic and commercial expertise, strong values and a collaborative leadership style are the ideal qualities for our next chief executive.”

Jakob Stausholm said, “I am truly delighted and humbled to be given the opportunity to lead this tremendous company. Since I joined two years ago, I have spent extensive time at our operations, meeting our excellent people and have also engaged with many of our valued partners.”

Given the effective date of Mr Stausholm’s appointment, J-S Jacques will step down from his role as an executive director and chief executive of Rio Tinto with effect from 1 January 2021 and will leave the Group on 31 March 2021.

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