Friday, July 11, 2025

Creating liberating content

Market movements are expected to be influenced by India-US trade

Bitcoin soared to a fresh all-time high of $116,046.44 on

Related News

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

A strong family is not built with birthday parties, weekend outings, or perfectly filtered photographs. It is built with truth, trust, shared effort, and a deep understanding of what really

Italian candy maker Ferrero has agreed to acquire American cereal giant WK Kellogg in a deal valued at $3.1 billion, the companies announced Thursday. The transaction includes the manufacturing, marketing

Trending News

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

NEW DELHI: The UK has joined Eutelsat’s 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms

Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and

NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put

Rio Tinto CEO Jakob Stausholm to step down in surprise move

Word Count: 665 | Estimated Reading Time: 4 minutes


Rio Tinto CEO Jakob Stausholm to step down in surprise move
This is a representative AI image (Pic credit: Lexica)

Jakob Stausholm, the CEO of mining giant Rio Tinto, will step down later this year, the company announced on Thursday, marking a surprise move. Stausholm, who led the company through a period of significant cultural and strategic transformation, will remain in his role until a successor is named.Rio Tinto did not specify the reason for Stausholm’s departure, saying only that the succession process is already underway and this was deemed “a natural moment” for leadership change. Analysts, however, expressed surprise at the timing and lack of a clear rationale.“This news comes as a big surprise, and in our view was not expected,” said Richard Hatch, an analyst at Berenberg. “It does not feel that natural to us.”Stausholm took the helm in late 2020 following the destruction of the Juukan Gorge Aboriginal heritage site in Western Australia, an incident that triggered widespread condemnation and led to the resignation of his predecessor. One of his first major actions as CEO was to commission a comprehensive review of the company’s workplace culture, which exposed systemic issues, including racism, bullying and harassment.Under his leadership, Rio Tinto committed to improving its environmental, social and governance (ESG) standards and pivoted toward future-facing minerals, most notably lithium. The company has made several strategic investments in battery metal, including the Rincon project in Argentina, a $6.7 billion acquisition of US-based Arcadium Lithium, and a $900 million investment in the Maricunga lithium project in Chile through a partnership with Codelco.“We had expected Mr Stausholm to remain with the company and drive the integration of the lithium business, so his exit comes as a surprise,” Hatch added.The company has yet to name a successor, but internal candidates reportedly include chief commercial officer Bold Baatar, head of iron ore Simon Trott, and aluminium division head Jerome Pecresse. However, the board is also expected to conduct an external search.The process may be further complicated by speculation that BHP CEO Mike Henry could also be stepping down soon.





Source link

Sign In

Welcome ! Log into Your Account