Ex-Maersk CFO Joins Global Mining Company

A bulk carrier being loaded at Rio Tinto Weipa. Image courtesy of Rio Tinto.

Jakob Stausholm, ex-CFO at A.P Moller — Maersk, has been appointed as chief financial officer of leading global mining company Rio Tinto.

Stausholm recently stepped down as Group Chief Financial Officer of Maersk in March, and will take on his new role at Rio Tinto on September 3, 2018 — joining the company’s Executive Board.

Stausholm has over 20 years’ experience working in senior finance roles in Europe, Latin America and Asia.

From 2008 to 2011 he was Group CFO of the global facility services provider ISS A/S and he was a non-executive director of Statoil ASA from 2009 to 2016 and of Woodside Petroleum from 2006 to 2008.

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Rio Tinto chief executive, J-S Jacques, said: “I am delighted Jakob is joining Rio Tinto and I look forward to working closely with him as we continue to deliver superior returns to our shareholders.

“The experience he has gained in various senior financial and strategy roles globally will be invaluable, as will his deep knowledge of both the resources and logistics industries.

“I would also like to acknowledge Chris’s outstanding contribution to Rio Tinto.

“He leaves Rio Tinto a stronger company than when he started in 2013. Rio Tinto has the strongest balance sheet in the sector, and Chris has helped embed a disciplined focus on costs and capital allocation.

“On a personal level, I will greatly miss his wise counsel, good humour and support, and I wish Chris and his family the best of luck for the future.”

Stausholm commented: “I am truly excited to be joining Rio Tinto and look forward to working with J-S and the executive team to ensure Rio Tinto continues to outperform its peers and maintain the financial discipline instilled under J-S and Chris’s leadership.”

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