During his nearly five-year stint at the helm of the world’s second-biggest miner, Rio Tinto has sought to repair its reputation with investors and communities.

Rio Tinto announced Thursday that CEO Jakob Stausholm would be stepping down later this year after leading the mining and minerals provider since January 2021.

Rio Tinto chief executive Jakob Stausholm will step down this year, and the search for a successor is under way, the FTSE 100 mining group said on Thursday. Rio did not give a reason for the unexpected exit of Stausholm, who has led the £80bn miner since 2021.