09:58 AM EDT, 05/28/2025 (MT Newswires) -- Rio Tinto (RIO) CEO Jakob Stausholm agreed to step down last week amid his reluctance to follow the board's priorities, which included cutting costs, Reuters reported Wednesday, citing three sources familiar with the matter.

Stausholm pushed back on board suggestions and dismissed opportunities such as a potential merger with natural resource firm Glencore, one of the sources told the news outlet.

Rio Tinto did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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