Overview

• Jakob Stausholm will remain in his role as Rio Tinto CEO until a successor is appointed through an ongoing global search process.
• Stausholm's tenure began in January 2021 following the Juukan Gorge controversy, during which he led efforts to rebuild stakeholder trust and overhaul cultural practices.
• Under his leadership, Rio Tinto made significant strategic moves into battery metals, including a $9.9 billion acquisition of Arcadium Lithium and a $1.4 billion investment in Chile's Salar de Maricunga project.
• The company continues to face pressure from activist investors to unify its dual-listing structure in London and Sydney, though recent shareholder motions to review the model have been rejected.
• Internal candidates for CEO include Bold Baatar, Simon Trott, and Jerome Pecresse, while external options are also being considered by the board with the assistance of MWM Consulting.