Shaping the next chapter of its operations, mining giant Rio Tinto has announced its current iron ore chief executive Simon Trott will take over as the company’s CEO on August 25.
As the company’s incoming head, Trott brings in 25 years of experience across a range of roles, covering various commodities and geographies.
In his current position, he has overseen new mine developments, increased the company’s operational performance and enhanced partnerships with important stakeholders.
According to Rio Tinto chair Dominic Barton, Trott joined the iron ore business at “a time of significant challenges”.
“[He] has been instrumental in rebuilding culture, strengthening external relationships and setting us on a pathway for growth,” he said.
Previously, as Rio Tinto’s first chief commercial officer, Trott established the group’s commercial operations.
“Simon is an outstanding leader with a deep understanding of mining and a track record of delivering operational excellence and creating value across our business,” Barton said.
Trott said he was excited to continue building on the progress the company has made over recent years.
“With our outstanding assets and people around the world, we are well positioned to grow value for shareholders and the communities who host us,” he said.
Trott takes over the reins from Jakob Stausholm, who has led the company since 2021.
Reflecting on his tenure, Stausholm said it had been a privilege guiding the company through an “important chapter in its history”.
“Working together, our brilliant people across the group have built genuine momentum, setting out a pathway to a decade of profitable growth,” he said.
“I am certain that under [Trott’s] leadership the group will continue to thrive and deliver value for its stakeholders.”
