• Advertise
  • About us
  • Terms and Conditions
  • Contact us
Saturday, July 12, 2025
Australian Times News
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
Australian Times News
No Result
View All Result
Home News

Mining giant appoints new CEO in wake of Juukan Gorge debacle

Internal appointment surprises many observers, who believed Rio Tinto would give the job to an outsider in an effort to start with a clean slate.

Mike Simpson by Mike Simpson
21-12-2020 03:00
in News
Photo credit: Wikimedia Commons

Photo credit: Wikimedia Commons

Anglo-Australian mining giant Rio Tinto has appointed a new CEO in the wake of the outcry over the destruction of the 46,000-year-old Juukan Gorge caves in the Pilbara region of WA in May this year.

The new appointee is the company’s former Chief Financial Officer, Jakob Stausholm, who joined the company in 2018.

Rio Tinto’s announcement has surprised many observers, as there was an expectation that an outsider would be chosen to replace outgoing CEO Jean-Sebastien Jacques.

Three top company executives resigned

The latter resigned, along with two deputies, in the wake of enormous criticism from Indigenous Australians, shareholders, the Federal government and the wider local and international community.

News agency Reuters said the choice of an internal candidate was a surprise as most bankers and investors had expected the company to choose an outsider in order to start with a clean slate.

It quoted Doug McMurdo, chair of Britain’s Local Authority Pension Fund Forum, which is a shareholder, as saying: “This decision appears to be further evidence of poor corporate governance and suggests a lack of any credible succession planning. It further raises questions about Rio Tinto’s corporate culture over the last few years.”

New CEO recognises need to restore trust

In a statement released by the company, Stausholm said he recognised the challenge ahead of him, acknowledging “the difficult times we have faced during 2020”.

AlsoRead...

The Broker who says ‘Yes’ when Banks say NO

The Broker who says ‘Yes’ when Banks say NO

8 July 2025
Leading with Trust: Why Quality still wins in the AI Era

Leading with Trust: Why Quality still wins in the AI Era

5 June 2025

“I am also acutely aware of the need to restore trust with Traditional Owners and our other stakeholders, which I view as a key priority for the company,” he added.

Recently an inquiry panel from the Joint Standing Committee of Northern Australia found that Rio Tinto should pay reparations to Indigenous Australians. It described the destruction of the caves as “inexcusable”. But CNN reported that the panel has not specified a specific amount.

‘What happened at Juukan Gorge was wrong’

Rio Tinto has apologised for the incident and its chairman, Simon Thompson, has admitted that “what happened at Juukan was wrong”.

In a statement made during the hearings, Northern Australia Committee Chair and MP, Warren Entsch, said corporate Australia could no longer ignore the link between its social licence to operate and responsible engagement with Indigenous Australia.

“Rio Tinto has paid a high price in reputation for its failure at Juukan Gorge,” Entsch stated. “Other resource companies need to take note: governments, investors and the community will no longer tolerate such tragedies.”

Tags: Australian BusinessIndigenous AustraliansJuukan Gorgeminingmining in AustraliaRio Tinto
DMCA.com Protection Status

SUBSCRIBE to our NEWSLETTER

[mc4wp_form id=”2384248″]

Don't Miss

The Dating Wealth Gap Is Getting Wider: What You Should Know

by Fazila Olla-Logday
11 July 2025
Source: Pixabay
Lifestyle

The divide between wealth and romance is growing. As income inequality widens, financial status is playing a bigger role in...

Read more

The Broker who says ‘Yes’ when Banks say NO

by Pauline Torongo
8 July 2025
The Broker who says ‘Yes’ when Banks say NO
Business & Finance

When faced with constant loan rejection or last-minute withdrawals of support, Trelos Finance stands out as a solution.

Read more

Common Mistakes When Buying a Telescope — And How to Avoid Them

by Fazila Olla-Logday
1 July 2025
Common Mistakes When Buying a Telescope
Technology

You’ve spent hours scrolling through telescope specs online, dazzled by features and grand promises. The excitement builds—until your newly arrived...

Read more

From Portugal to Bali: Where Aussies Should Go for Your Next Coastal Holiday

by Fazila Olla-Logday
20 June 2025
Source: Flickr
Travel

Aussies, here is a guide to where you should go for your next coastal holiday.

Read more

Leading with Trust: Why Quality still wins in the AI Era

by Pauline Torongo
5 June 2025
Leading with Trust: Why Quality still wins in the AI Era
Business & Finance

If you're leading a software team today, you've likely noticed the shift: faster feature rollouts, routine automation, and AI taking...

Read more

How to Save on Airport Parking: Budget Tips Every Traveller Should Know

by Fazila Olla-Logday
3 June 2025
How to Save on Airport Parking
Travel

Saving money on airport parking can be a challenge,but here are some budget friendly tips to help you navigate.

Read more

Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin

by Pauline Torongo
28 May 2025
Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin
Business & Finance

Bélanger-Martin’s ambitions stretch beyond redefining inflight comfort—they’re rooted in resurrecting the romance of supersonic travel with a modern twist.

Read more
Load More

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status

  • About us
  • Write for Us
  • Advertise
  • Contact us
  • T&Cs, Privacy and GDPR
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status