RIO TINTO SPLIT WITH CEO STAUSHOLM OVER CONFLICTING PRIOR

Rio Tinto's board and Jakob Stausholm agreed to part ways last week amid mounting concerns the CEO was reluctant to follow board priorities, including focusing on costs, after years of expansions in lithium, copper and iron ore, three sources said.

Rio, the world's second-largest listed mining company, surprised investors last week by announcing Stausholm would step down later this year when a successor is appointed.

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