Rio Tinto Names Iron Ore Boss Simon Trott as Miner’s New CEO

(Bloomberg) – Rio Tinto Group called the iron ore boss Simon Trott as his new CEO and replaced Jakob Stausholm.

The 50 -year -old Trott plays the role after looking for a leader with more mining experience to focus on Rio’s portfolio growth. On the pipeline, Rio plans to continue to grow a $ 13 billion on the iron ore, a series of new lithium projects and copper growth.

While Rio was considered external alternatives, the company’s best candidates were widely accepted as internally, including Aluminum Unit CEO Jérôme Pécresse and commercial manager Bold Baatar.

Trott was seen as a good harmony as the president of Rio’s largest and most profitable part – even if he had just the leadership of the iron ore just four years ago. Before that he was a commercial president and spent about twenty years in a series of operational and business development.

Rio President Dominic Barton said in a statement, “Simon, during the important difficulties, entered our work of iron ore and was effective in rebuilding culture, strengthening foreign relations and putting us on a way for growth,” he said. Trott will start on August 25th as CEO.

Stausholm joined Rio in 2018 before Rio exploded a sacred 46,000 -year -old site in Western Australia. Despite the early criticisms, Stausholm successfully rebuilt the company’s transparent reputation and reset relations with traditional owners and at the same time unlocking new growth areas.

The new leader faces the management of a giant miner who is preparing to focus on a new growth leg and expansion.

In the iron ore, the company is preparing to produce the gigantic Simandou project in African Guinea, while for the next three years, billions of Australian mines spend and increase the output.

Earlier this year, Rio completed the purchase of Arcadum Lithium Ltd. This movement returned to acquisitions for a company that has moved away from agreements for years after previous discussions in previous explosions.

Growth will be at the beginning of the agenda for Trott in the new role. Last year, Rio was talking about a potential merger with Glencore PLC, which would be greater than the rival BHP Group Ltd.

(Updates with Details. A previous version of this story corrected Trott’s previous business title.)

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