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âFocused, disciplinedâ: New Rio Tinto CEO faces big task
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Rio Tintoâs promotion of internal candidate Jakob Stausholm to be the next CEO has surprised investors but is being widely supported as a strong choice as the mining giant embarks on the mammoth task of repairing relationships following the Juukan Gorge disaster.
Mr Stausholm, 52, was this week named as successor to outgoing CEO Jean-Sebastien Jacques who resigned amid outrage over Rioâs decision to blast through Aboriginal rock shelters in Western Australia to make way for a large iron ore mine expansion.
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Rio Tinto taps finance head as new CEO
Jakob Stausholm will assume the CEO role at Rio Tinto in January 2021. Credit: Rio Tinto.
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-Sébastien Jacques who had to step down following an international outcry over the miner’s destruction of sacred Aboriginal rock shelters.
Stausholm, a Danish national who joined the company in 2018 from shipping company AP Moller-Maersk, will be tasked with rebuilding the world’s second-largest miner’s reputation.
Rio Tinto fell out of favour with the general public, including investors, following its decision to blast two 46,000-year-old Aboriginal rock shelters at Juukan Gorge to expand an iron mine in Western Australia.