Rio Tinto has appointed Simon Trott as its new Chief Executive, effective August 25, 2025, marking a leadership transition focused on operational excellence and shareholder value.
- Simon Trott to succeed Jakob Stausholm as CEO from August 25, 2025
- Trott’s background includes leadership of Rio Tinto’s Iron Ore division
- Focus on operational performance, cost discipline, and stakeholder partnerships
- Jakob Stausholm to step down from CEO role and Board simultaneously
- Interim Iron Ore CEO appointment announced pending permanent replacement
Leadership Transition at Rio Tinto
Rio Tinto has announced a significant leadership change with Simon Trott set to take over as Chief Executive from Jakob Stausholm on August 25, 2025. Trott, currently the head of the company’s Iron Ore division, brings over 25 years of experience across various commodities and geographies within Rio Tinto, underscoring a deep operational expertise and a commitment to values-driven leadership.
A Proven Track Record in Iron Ore
As Iron Ore Chief Executive, Trott has been credited with strengthening the business through improved operational performance, safety focus, and financial discipline. His tenure has also been marked by resetting partnerships with key stakeholders and securing future growth through new mine developments. These achievements have positioned Iron Ore as a centre of innovation within the group, particularly in operational excellence and technology optimisation.
Strategic Vision and Board Confidence
Dominic Barton, Chair of Rio Tinto, praised Trott’s leadership qualities and alignment with the Board’s vision for unlocking shareholder value through disciplined operational and financial management. The appointment follows a thorough succession planning process spanning two years, reflecting the company’s intent to ensure continuity and strategic clarity.
Jakob Stausholm’s Legacy and Transition Details
Jakob Stausholm, who has led Rio Tinto for nearly five years, will step down from both the CEO role and the Board simultaneously. His tenure saw the rebuilding of stakeholder relationships and portfolio alignment with growth commodities. Stausholm will remain entitled to contractual benefits and bonuses through 2025, with no accelerated vesting of equity awards, maintaining adherence to the company’s remuneration policies.
Interim Leadership and Remuneration
Matt Holcz, Managing Director of Pilbara Mines, will provide interim support as Iron Ore CEO until a permanent successor is appointed. Trott’s remuneration package as CEO includes a base salary of £1.34 million, participation in incentive plans, and standard benefits such as a pension and relocation support, reflecting Rio Tinto’s established remuneration framework.
This leadership change comes at a pivotal moment for Rio Tinto as it seeks to capitalise on its operational strengths and market opportunities under fresh stewardship.
Bottom Line?
Simon Trott’s appointment sets the stage for Rio Tinto’s next growth chapter, with a sharp focus on operational discipline and stakeholder engagement.
Questions in the middle?
- How will Simon Trott’s leadership style influence Rio Tinto’s strategic priorities?
- What impact will the CEO transition have on Rio Tinto’s operational performance in the short term?
- Who will be appointed as the permanent Iron Ore Chief Executive following Matt Holcz’s interim tenure?