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Rio Tinto names iron ore boss Simon Trott as miner’s new CEO

  • Rio Tinto Group appoints Simon Trott, previously iron ore boss, as the new CEO, succeeding Jakob Stausholm.
  • Trott, known for his success in the iron ore division, will focus on portfolio growth amidst expansions in iron ore, lithium projects, and copper growth plans.
  • Internal candidates like Jérôme Pécresse and Bold Baatar were considered, but Trott was chosen for his experience and role in rebuilding culture in the iron ore business.
  • The new CEO faces challenges in overseeing projects like Simandou in Guinea, expanding Australian mines, and addressing strategies for growth in lithium and copper.

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