Treasurer Josh Frydenberg has … Remote … Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday. Mining colossus Rio Tinto has conceded first production at a gold and copper project in Western Australia will be delayed by a year while it … Jean-Sebastien Jacques stepped down in September, resigning “by mutual agreement” after Rio Tinto came under immense pressure for destroying the ancient sacred Aboriginal heritage site in Western Australia… File photo by Reuters. Rio Tinto announced the resignation of its CEO and two other top execs on Friday over the mining giant's destruction of a 46,000-year-old Aboriginal site to expand an iron ore mine in Australia. The chief executive of Rio Tinto will lose his performance-linked … Rio Tinto chief financial officer and executive director Jakob Stausholm will replace Jean-Sébastien Jacques as chief executive starting January. Government asks mining group to make move after destruction of ancient Aboriginal site . The destruction in May of the Juukan Gorge caves in Pilbara, Australia, by Rio Tinto iron ore workers was an outrage and dug one of the deepest reputational holes of any company in … Rio Tinto Group named finance head Jakob Stausholm as chief executive officer, tapping a relative newcomer to manage the fallout over its destruction of ancient Aboriginal sites in Australia. Last month, Rio Tinto said it had cut Mr Jacques' bonus by £2.7m. Rio Tinto CEO to leave company after destruction of sacred sites The company destroyed two rock shelters in Juukan George in Western Australia state that … The blasts that destroyed a 46,000 year-old heritage site have damaged relations … Investigation concludes the relationship between the Rio Tinto board and CEO was a key factor in the Juukan Gorge scandal. Rio Tinto chairman Simon Thompson said Stausholm had strong values and a blend of leadership skills, strategic and commercial expertise that were ideal qualities for the company’s next leader. The CEO of Rio Tinto is to leave his post “by mutual agreement” over the destruction of an Indigenous heritage site in Western Australia. He bought a house in Sydney. After becoming CEO in 2016, Jacques cut the size of Rio’s Melbourne office, which is the company’s headquarters in Australia. The FTSE 100 ( ^FTSE) mining giant faces a parliamentary inquiry in Australia over the caves, an important site for the Puutu, Kunti Kurrama and Pinikura (PKKP) peoples. Rio Tinto announced the resignation of its CEO and two top lieutenants Friday over the mining giant's destruction of a 46,000-year-old Aboriginal site to expand an iron ore mine in Australia. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto Chief Executive Jakob Stausholm said “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. An excavator at a Rio Tinto site in Pilbara, western Australia, the region where a historic cave heritage site has been destroyed. Share on Twitter; Share on Facebook; Share via email ; Share on Reddit; Share on Linked In; The boss of mining giant Rio Tinto will resign from the company "by mutual agreement" following the destruction of some of Australia's oldest heritage sites by the company this year. Image: Rob Bayer/Shutterstock . Rio Tinto's new CEO pledges to 'restore trust' after destruction of sacred Indigenous site By Michelle Toh , CNN Business Updated 5:08 AM ET, Thu December 17, 2020 Rio Tinto chief executive Jean-Sebastien Jacques attends an annual general meeting in Perth, Australia, May 9, 2019. Photo: Rio Tinto. Global mining giant Rio Tinto has found a new CEO, three months after the company’s previous chief resigned amid the public backlash to the Juukan Gorge scandal. Log in or Subscribe to save article. … Rio Tinto destroyed the Juukan 1 and Juukan 2 rock shelters in the Pilbara region of Western Australia in May 2020, blasting out of existence a site of major cultural importance to the Puutu Kunti Kurrama and Pinikura People (PKKP).Technically, the firm did this in complete compliance with the law, as it secured consent from a minister years earlier under Section 18 of Australia’s … Rio defies Frydenberg with CEO choice. Jean-Sébastien Jacques has stepped down as CEO of Rio Tinto. Frydenberg tells Rio Tinto to hire Australian CEO Jennifer Hewett Columnist. Rio Tinto’s promotion of Jakob Stausholm as next CEO is being supported as a strong choice as the miner embarks on the big task of repairing ties in Australia. There’s no way of getting around it. Share this. Sam Walsh AO (born 27 December 1949) is an Australian businessman who was elected to the Mitsui & Co board as a non-executive Director on 21 June 2017 and the MA'ADEN Board on 22 October 2020. It also said Chris Salisbury, chief executive of iron ore, and Simone Niven, group … Share. Chanticleer. He bought a … Former CEO … Canberra presses Rio Tinto to appoint Australian as next CEO . Prior to becoming CEO of Rio Tinto, Walsh served as Rio Tinto … (Bloomberg) -- Rio Tinto Group appointed Jakob Stausholm as chief executive officer, with current head Jean-Sebastien Jacques stepping down after an investor backlash over the destruction of an ancient Aboriginal heritage site in Australia. And executive director Jakob Stausholm will replace Jean-Sébastien Jacques as chief executive officer ( CEO ) of London-based company... Update 2-Rio Tinto CEO urges patience in repairing Indigenous ties as iron ore output grows 2013 2016. 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