A former chief financial officer at AP Moller-Maersk has been named as the new chief executive of Rio Tinto, the world's second-largest mining company.

Jakob Stausholm, who has been CFO at the Australian mining giant since September 2018, steps up to the top job from 1 January.

He takes over from Jean-Sebastien Jacques who will step down from his role as chief executive in the New Year and leave the group at the end of March.