- Rio Tinto (RIO) has appointed Jakob Stausholm as chief executive, effective January 1, 2021
- Jakob is an experienced global executive with 25 years of experience in leadership roles across capital intensive and service industries
- He joined Rio in 2018 as executive director and Chief Financial Officer
- As a result of Jakob’s appointment, Peter Cunningham will be appointed interim Chief Financial Officer, effective January 1
- Furthermore, CEO Jean-Sébastien Jacques will be stepping down from his role as executive director and chief executive, effective January 1
- Rio has ended the day 1.81 percent in the green with shares trading at $116.44
