Rio Tinto chairman Simon Thompson said Stausholm had strong values and a blend of leadership skills, strategic and commercial expertise that were ideal qualities for the company’s next leader. 2-min read. (Bloomberg) -- Rio Tinto Group named finance head Jakob Stausholm as chief executive officer, tapping a relative newcomer to manage the fallout over its destruction of ancient Aboriginal sites in Australia.Danish-born Stausholm, 52, takes the helm at a time of crisis for the world’s second-largest miner. UPDATE 2-Rio Tinto CEO urges patience in repairing Indigenous ties as iron ore output grows. He bought a … Jean-Sebastien Jacques, CEO of Rio Tinto Group poses for a portrait in London in February 2020. Frydenberg tells Rio Tinto to hire Australian CEO Jennifer Hewett Columnist. The FTSE 100 ( ^FTSE) mining giant faces a parliamentary inquiry in Australia over the caves, an important site for the Puutu, Kunti Kurrama and Pinikura (PKKP) peoples. Government asks mining group to make move after destruction of ancient Aboriginal site . (Pat Scala/Nine) Investors fumed after Rio Tinto destroyed two of Australia's oldest known Aboriginal heritage sites in … Rio Tinto’s promotion of Jakob Stausholm as next CEO is being supported as a strong choice as the miner embarks on the big task of repairing ties in Australia. Rio Tinto destroyed the Juukan 1 and Juukan 2 rock shelters in the Pilbara region of Western Australia in May 2020, blasting out of existence a site of major cultural importance to the Puutu Kunti Kurrama and Pinikura People (PKKP).Technically, the firm did this in complete compliance with the law, as it secured consent from a minister years earlier under Section 18 of Australia’s … Stausholm’s promotion came as a surprise to some Australian investors, who have argued that a new CEO should have local experience and be based in the country that provides 85% of Rio’s … Rio defies Frydenberg with CEO choice. Image: Rob Bayer/Shutterstock . Sep 14, 2020 – 12.00am. The CEO of Rio Tinto is to leave his post “by mutual agreement” over the destruction of an Indigenous heritage site in Western Australia. Business News: By Rod McGuirk Canberra, Sep 11 (AP) Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the d Rio Tinto chief financial officer and executive director Jakob Stausholm will replace Jean-Sébastien Jacques as chief executive starting January. The destruction in May of the Juukan Gorge caves in Pilbara, Australia, by Rio Tinto iron ore workers was an outrage and dug one of the deepest reputational holes of any company in … Remote … Rio Tinto names Jakob Stausholm as Next CEO ... replacing Jean-Sébastien Jacques who was ousted amid the fallout from the destruction of two ancient rock shelters in Australia. Investigation concludes the relationship between the Rio Tinto board and CEO was a key factor in the Juukan Gorge scandal. (Bloomberg) -- Rio Tinto Group appointed Jakob Stausholm as chief executive officer, with current head Jean-Sebastien Jacques stepping down after an investor backlash over the destruction of an ancient Aboriginal heritage site in Australia. Sam Walsh AO (born 27 December 1949) is an Australian businessman who was elected to the Mitsui & Co board as a non-executive Director on 21 June 2017 and the MA'ADEN Board on 22 October 2020. Rio Tinto chief executive Jean-Sebastien Jacques attends an annual general meeting in Perth, Australia, May 9, 2019. Mining giant Rio Tinto announced a new chief executive Thursday, months after the previous boss resigned following the destruction of an ancient Australian Aboriginal heritage site. Former CEO … File photo by Reuters. Log in or Subscribe to save article. It also triggered a parliamentary inquiry, which recently called on Rio Tinto to pay restitution to Indigenous Australians affected by the destruction and also fully reconstruct the damaged site. 5:38 pm on 11 September 2020. Prior to this he was chief executive officer (CEO) of London-based mining company Rio Tinto Group, from 2013 to 2016.. Last month, Rio Tinto said it had cut Mr Jacques' bonus by £2.7m. Chanticleer. Canberra presses Rio Tinto to appoint Australian as next CEO . An excavator at a Rio Tinto site in Pilbara, western Australia, the region where a historic cave heritage site has been destroyed. Treasurer Josh Frydenberg has … Global mining giant Rio Tinto has found a new CEO, three months after the company’s previous chief resigned amid the public backlash to the Juukan Gorge scandal. Jean-Sebastien Jacques stepped down in September, resigning “by mutual agreement” after Rio Tinto came under immense pressure for destroying the ancient sacred Aboriginal heritage site in Western Australia… It also said Chris Salisbury, chief executive of iron ore, and Simone Niven, group … Investors were expecting the mining giant would pick an external candidate. … Just three months ago, Treasurer Josh Frydenberg told Rio to hire an Australian CEO. Rio Tinto chief executive Jean-Sébastien Jacques will be stepping down from his role, in mutual agreement following a board review of cultural heritage management. The blasts that destroyed a 46,000 year-old heritage site have damaged relations … Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto Chief Executive Jakob Stausholm said “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. Share this. Rio Tinto announced the resignation of its CEO and two other top execs on Friday over the mining giant's destruction of a 46,000-year-old Aboriginal site to expand an iron ore mine in Australia. Share on Twitter; Share on Facebook; Share via email ; Share on Reddit; Share on Linked In; The boss of mining giant Rio Tinto will resign from the company "by mutual agreement" following the destruction of some of Australia's oldest heritage sites by the company this year. Photo: Rio Tinto. Our 2020 performance reflects the resilience of the business, and the commitment and flexibility of our employees, customers, communities and host governments. There’s no way of getting around it. Rio Tinto CEO, execs quit over blasting of Aboriginal sites. The chief executive of Rio Tinto will lose his performance-linked … In the Pilbara region of Western Australia, Rio Tinto owns an integrated portfolio of 16 mines, four independent port terminals, a 1,700 kilometre rail network Image from Rio Tinto. Rio Tinto's new CEO pledges to 'restore trust' after destruction of sacred Indigenous site By Michelle Toh , CNN Business Updated 5:08 AM ET, Thu December 17, 2020 Mining colossus Rio Tinto has conceded first production at a gold and copper project in Western Australia will be delayed by a year while it … Chief executive Jean-Sébastien Jacques will leave… Jean-Sébastien Jacques has stepped down as CEO of Rio Tinto. After becoming CEO in 2016, Jacques cut the size of Rio’s Melbourne office, which is the company’s headquarters in Australia. Prior to becoming CEO of Rio Tinto, Walsh served as Rio Tinto … Share. 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