Simon Trott will take over as Chief Executive of Rio Tinto on August 25, 2025, following a planned transition after Jakob Stausholm’s tenure. Trott, who has led the Iron Ore business, is credited for operational excellence, rebuilding partnerships and driving growth. The move aligns with Rio Tinto’s focus on disciplined performance and long-term shareholder value. Stausholm, meanwhile, is recognised for steering Rio Tinto through critical years and realigning its portfolio.