Rio Tinto CEO Jakob Stausholm to step down after leading strategic shift towards energy transition

Rio Tinto is a global leader in mining and materials, operating across six continents and supplying essential metals and minerals to drive global economic development and the transition to a low-carbon future.

Global mining giant Rio Tinto announced today that Chief Executive Jakob Stausholm will step down from his role later this year, following the completion of a formal succession process.

Stausholm, who joined Rio Tinto in 2018 as Executive Director and Chief Financial Officer, has served as Chief Executive Officer since January 2021. During his tenure, he redefined the Group’s strategy to align with the energy transition, positioning Rio Tinto for a decade of profitable and sustainable growth.

A search for Stausholm’s successor is already underway, led by Rio Tinto’s Nominations Committee. Until the transition is complete, he will continue to serve as CEO and remain on the company’s Board of Directors.

Rio Tinto Chairman Dominic Barton praised Stausholm's leadership during a pivotal period for the company:
“Under Jakob’s leadership, Rio Tinto has restored trust with key stakeholders, aligned our portfolio with high-growth commodities, built a strong and diverse leadership team, and set a clear path for growth. As we transition to our next chapter—focusing on operational excellence and unlocking the full potential of our assets—this is a natural time to appoint Jakob’s successor. We are deeply grateful for his contributions at such a critical juncture.”

Reflecting on his time at the helm, Stausholm said:
“It has been an absolute privilege to lead Rio Tinto, one of the world’s leading mining and materials companies. I’m proud of what we’ve accomplished—enhancing operational performance, improving project delivery, and creating long-term shareholder value. I’m confident Rio Tinto will continue to thrive for years to come.”