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LONDON - Mining giant Rio Tinto (NYSE:RIO) announced Tuesday the appointment of Simon Trott as its new Chief Executive, succeeding Jakob Stausholm effective August 25, 2025.
Trott, currently Rio Tinto’s Iron Ore Chief Executive, brings 25 years of experience across various commodities and geographies within the company. In his current role, he has focused on improving operational performance and resetting partnerships with key stakeholders.
Rio Tinto Chair Dominic Barton said Trott has "a deep understanding of mining and a track record of delivering operational excellence and creating value across our business." Barton added that the company’s next phase will focus on "unlocking significant value for shareholders from our portfolio, driven by operational performance, and cost and financial discipline."
Prior to leading the Iron Ore division, Trott served as Rio Tinto’s first Chief Commercial Officer, where he established the group’s commercial operations and strengthened customer relationships.
Trott will receive a base salary of £1,340,000 along with standard benefits including a company pension benefit of 14% of base salary, according to the company statement.
Stausholm, who has led Rio Tinto for nearly five years, will step down from his role and from the Board of Directors when Trott assumes the position. During the leadership transition, Matt Holcz, currently Managing Director of Pilbara Mines, will provide interim support in the Chief Executive Iron Ore role until a permanent appointment is made.
The appointment follows a search process led by the Nominations Committee that considered both internal and external candidates, based on a press release statement from the company.
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