1044 GMT - Rio Tinto could recruit a dealmaker as its next CEO, as the conservative approach toward acquisitions of departing boss Jakob Stausholm might have played a role in his exit, AJ Bell's Russ Mould says in a market comment. Mining arch-rival BHP's attempt to buy Anglo American last year raised the question of why Rio Tinto wasn't also pursuing big deals, Mould says. "Rio is running smoothly but its position as a listed business means success will also be judged on its share-price performance. That needs to be fired up, and M&A is the way for Rio to show it is the king of the miners given the industry follows the mantra of 'biggest is best,'" Mould says. Shares are flat at 46.50 pounds.(adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 06:44 ET (10:44 GMT)
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