Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 16:35:27 07/07/2025 BST			5-day change	1st Jan Change
4,256.00 ^GBX	-0.25%		+0.26%	-9.89%

06:31am	Exclusive-Next Rio Tinto boss expected to entertain big deals, cut costs, sources say	RE
01:56am	Australian shares retreat ahead of rate cut; Trump tariff warnings stir unease	RE

Rio Tinto CEO Jakob Stausholm to Step Down

Published on 22/05/2025 at 07:58

By Adam Whittaker

Rio Tinto said Chief Executive Officer Jakob Stausholm will step down later this year, and that it has started the process for appointing his successor.

The world's second-biggest miner by market value said Thursday that Stausholm would continue to lead the company while the process to replace him continues.

He joined Rio Tinto in 2018 and was promoted to chief executive in January 2021, and sought to reset the company's strategy toward energy-transition related assets.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

05-22-25 0257ET

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	RIO TINTO PLC	4,256.00GBX	-0.25%	+0.26%	99.07B
	S&P GSCI SILVER INDEX	1,805.91PTS	+0.07%	+1.96%	-

Latest news about Rio Tinto plc

Exclusive-Next Rio Tinto boss expected to entertain big deals, cut costs, sources say	06:31am	RE
Australian shares retreat ahead of rate cut; Trump tariff warnings stir unease	01:56am	RE
BP appoints former Shell CFO to its board	07-07	RE
TSX rises as investors await US trade deal developments	07-07	RE
Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says	07-06	RE
Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says	07-06	RE
Berenberg Cuts Three-Year Iron Ore Price Estimate by 5%	07-04	MT
Metals smelting is the West's next critical minerals crisis: Andy Home	07-04	RE
Pound climbs, bond yields ease as PM backs Reeves	07-03	AN
Top Premarket Decliners	07-03	MT
Berenberg Downgrades Rio Tinto to Hold, Cuts PT	07-03	MT
Berenberg Downgrades Rio Tinto to Hold From Buy, Cuts Price Target to GBP47 From GBP62	07-03	MT
Metals smelting is the West's next critical minerals crisis: Andy Home	07-03	RE
RIO TINTO : UBS remains Neutral	07-03	ZD
Berenberg cuts Rio Tinto; UBS cuts Fresnillo	07-03	AN
RIO TINTO : Deutsche Bank maintains a Buy rating	07-03	ZD
Alien Metals Limited Announces Transformational Exploration Target at Hancock Supports Greater Near-Term Strategic Value	07-03	CI
Currys resumes dividend; Ryanair cancels 170 flights	07-03	AN
NRW Holdings Shows Potential for More Contracts After Rio Tinto Contract Win, Says Euroz Hartleys	07-03	MT
RIO TINTO : Berenberg lowers his opinion and switches to Neutral	07-03	ZD
NRW Holdings Unit Secures AU$167 Million Contract From Rio Tinto; Shares Up 4%	07-03	MT
Shares of Rio Tinto, BHP Rise After Brazil's Vale Cuts 2025 Iron Ore Agglomerates Output Guidance	07-03	MT
Rio Tinto-Backed Aluminum Maker to Upgrade Quebec Facilities	07-02	MT
Vale cuts forecast for iron ore agglomerates output amid market weakness	07-02	RE
Intrepid Metals Corp. Secures Additional Mineral Rights Adjacent to Rio Tinto At Corral Copper	07-02	CI

Jakob Stausholm is Chief Strategy & Transformation Officer at Maersk Line A. In the past he was Group Chief Financial Officer of ISS An and Group Chief Financial Officer for ISS World Services A (a subsidiary of ISS A), Vice President-Asia Pacific Finance at Shell Plc, Chief Internal Auditor at Royal Dutch Shell Plc and Vice President-Finance at Shell Exploration & Production Co. (a subsidiary of Royal Dutch Shell Plc), Group Chief Financial Officer & Executive Director at A.P. Møller-Mærsk An and Chief Strategy, Finance & Transformation Officer at Maersk A. Jakob Stausholm received a graduate degree from the University of Copenhagen.

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Company Profile

Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows: - iron ore (57.4%): 287.7 Mt produced in 2024; - aluminum, alumina and bauxite (24.2%): 58.6 Mt bauxite, 7.3 Mt alumina and 3.3 Mt aluminum produced; - copper (8.8%) : 624 Kt produced; - industrial minerals (5%): titanium dioxide pigments (990 Kt produced), borates (504 Kt produced) and salts (5.8 Mt produced); - gold (1.5%) : 282,000 ounces produced; - diamonds (0.5%) : 2.8 million carats produced; - other (2.6%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (4.8%), China (57.4%), Japan (6.5%), Asia (6.9%), the United States (16.8%), Canada (2.9%), Australia (2%) and other (2.4%).

Employees

60,000

Sector

Diversified Mining

Calendar

07-15 - Q2 2025 Sales and Revenue Release - Operations Review

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