Anglo-Australian mining group Rio Tinto revealed yesterday it has begun a formal selection process to appoint a new CEO. The announcement comes as current chief executive Jakob Stausholm is expected to leave the company “later this year.”
Stausholm joined Rio Tinto in 2018 and has served as CEO since January 2021. He will remain in his role until a successor is named. The selection process is being managed by the company’s nomination committee, but no information has been provided regarding potential candidates or the expected timeline.
“Under Jakob’s leadership, Rio Tinto has restored trust with key stakeholders, aligned our portfolio with the commodities where demand growth is strongest (…) 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,” said Dominic Barton, Chairman of the Board.
Rio Tinto is the world’s second-largest mining company by market capitalization. In Africa, it operates through its subsidiary Richards Bay Minerals in South Africa and is developing blocks 3 and 4 of the Simandou iron ore project in Guinea.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight between Doha and Nairobi. • Part of wider Qatari...
• The third Africa-Spain summit aims to strengthen trade relationships, with bilateral trade totaling approximately $35 billion in the first half of...
• World cereal production estimated to hit 2.925 billion tons in 2025/2026, marking a 2.3% increase from the previous cycle, according to the Food and...
• IMF identifies three strategic priorities to help Nigeria realize its potential as a significant economic power • Recommendations focus on achieving...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...