Rio Tinto Chief Jakob Stausholm to Leave Later in 2025 as Succession Process Starts

Rio Tinto, one of the world’s largest mining and materials companies, announced that Chief Executive Jakob Stausholm will step down later in 2025, concluding a transformative tenure that began in January 2021. The decision comes as the company initiates a formal succession process, with Stausholm set to remain in his role until a successor is appointed.

 

Leadership Transition Announced:

Rio Tinto's Board of Directors has initiated a thorough selection process to determine Stausholm's replacement, headed by the Nominations Committee. The handover is targeted to be finalized by the end of 2025.

 

Tenure of Jakob Stausholm

Stausholm became a member of Rio Tinto in 2018 as CFO and was appointed as CEO in 2021. In his tenure, he re-set the company's strategy to suit the global energy transition, reinforced stakeholder trust, and established a representative management team. Under his leadership, Rio Tinto paid attention to positioning its portfolio toward high-growth commodities and established a roadmap for a decade of profitable growth.

 

Board and Chair's Statement

Chair Dominic Barton commended Stausholm for building trust, realigning the company with future trends in demand, and establishing a compelling growth path. Barton reiterated that the strategic priorities of the business have not changed and that this is a natural time for leadership transition as Rio Tinto seeks to deliver improved operational performance and unlock further value from its assets.

 

Stausholm's Reflections:

Stausholm thanked for the chance to be at the helm of Rio Tinto, citing the company's operational effectiveness, project delivery, and value creation during his time. He reaffirmed faith in Rio Tinto's future and its people.

 

What's Next:

Stausholm will remain CEO and board member until a new chief executive is in place. The company's strategic direction, including its energy transition materials and decarbonization focus, remains the same.

 

Insight

Jakob Stausholm's planned exit represents the culmination of a defining period for Rio Tinto that has been defined by regained stakeholder trust, a strengthened focus on sustainability, and a compelling growth agenda. The future leadership change is set to build on these foundations as the company steers through the next chapter of global mining and energy transformation.

 

Source: Business Wire, Investegate, TradingView, Rio Tinto Official Announcement