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RNS Number : 7605J  Rio Tinto PLC  22 May 2025

 

Notice to
ASX/LSE

 

Rio Tinto announces Chief Executive succession plan

 

22 May 2025

 

Rio Tinto today announced that Chief Executive Jakob Stausholm will step down
from the Group later this year, at the conclusion of a succession process.

Jakob joined Rio Tinto in 2018 as Executive Director and Chief Financial
Officer, and became Chief Executive in January 2021. As Chief Executive, Jakob
has reset Rio Tinto's strategy to align the group to the opportunities of the
energy transition and shaped a pathway to a decade of profitable growth.

Jakob will continue to lead Rio Tinto as Chief Executive and a member of the
Board of Directors while a successor is appointed. A rigorous selection
process is already underway, led by the Nominations Committee.

Rio Tinto Chair Dominic Barton said: "Under Jakob's leadership, Rio Tinto has
restored trust with key stakeholders, aligned our portfolio with the
commodities where demand growth is strongest, built a diverse and talented
management team, and set a compelling growth trajectory. Our focus on these
things is undiminished and our strategic priorities are unchanged. This is a
natural moment to appoint Jakob's successor, as we look ahead to our next
phase in which we will double down to deliver greater operational performance
to realise the full potential of our assets. I would like to thank Jakob for
his significant contribution to Rio Tinto at a critical time in its
evolution."

Rio Tinto Chief Executive Jakob Stausholm said: "It has been an absolute
privilege to lead Rio Tinto, one of the great mining and materials companies
in the world. I would like to thank the deeply dedicated and talented people
across the organisation that together have raised both operational performance
and project execution. We have built on Rio Tinto's historic strengths to
deliver profitable, stable growth and significant shareholder value. I know
the company will continue to thrive long into the future."

 

 

Contacts

Please direct all enquiries to [email protected]

 

 

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Media Relations,
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 Rachel Arellano         Tom Gallop

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 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

LEI: 213800YOEO5OQ72G2R82

 

This announcement contains inside information.

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

riotinto.com

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