Overview

• Jakob Stausholm, who became CEO in 2021, is stepping down after leading Rio Tinto through a period of cultural and strategic reform.
• The company has launched a rigorous global selection process to find his successor, with Stausholm remaining in his role until the transition is complete.
• No specific reasons for Stausholm’s departure have been disclosed by Rio Tinto or the outgoing CEO.
• Stausholm’s tenure included rebuilding trust after the Juukan Gorge heritage scandal and refocusing on shareholder value and operational performance.
• Rio Tinto shares dipped 0.6% on the day of the announcement, reflecting investor reaction to the leadership change.