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Rio Tinto Names Simon Trott as New CEO, Succeeding Jakob Stausholm in Strategic Leadership Shift

Updated: July 15, 2025 12:25

Image Source: Reuters
On July 15, 2025, global mining giant Rio Tinto Plc announced the appointment of Simon Trott as its new Chief Executive Officer, succeeding Jakob Stausholm. The leadership transition marks a pivotal moment for the company as it navigates evolving sustainability goals, commodity market dynamics, and operational expansion.
 
About Simon Trott
  • Previously served as Chief Executive of Rio Tinto’s Iron Ore division, overseeing one of the company’s most profitable segments.
  • Known for championing decarbonization, digital transformation, and community engagement across mining operations.
  • Trott’s base salary has been set at £1.34 million, with performance-linked incentives expected to follow.
Leadership Transition Details
  • Jakob Stausholm, who led Rio Tinto since 2021, will step down after steering the company through post-pandemic recovery and ESG reforms.
  • Matt Holcz, a senior executive within the Iron Ore division, will provide interim support during the transition period.
  • The appointment follows a board-led succession planning process, emphasizing continuity and operational expertise.
Board Commentary
“Simon brings deep operational knowledge and a strong track record of leadership. His appointment reflects our commitment to long-term value creation and responsible mining,” said Dominic Barton, Chairman of Rio Tinto.
 
Sources: Reuters, Mining Weekly, Financial Times, Bloomberg, Rio Tinto – Official Press Release

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