BHP appoints new chairman

Ken MacKenzie, a former Australian packaging executive, has been named as mining giant BHP Billiton's next chairman. Photo: REUTERS/BHP/Handout

JOHANNESBURG – Australian mining giant BHP Billiton on Monday announced Ken MacKenzie as the company’s incoming chairman, effective 1 September.

It followed Jac Nasser’s retirement both as chairman and non-executive director.

MacKenzie joined the BHP board as a non-executive director in September 2016 and was a member of the board’s sustainability committee.

He had extensive international business experience gained during his 23 years at Amcor, a global packaging company with operations in over 40 countries.

“Ken MacKenzie brings extensive global executive experience and a strategic approach," said senior independent director, Shriti Vadera.

“He has the operational and financial capabilities, as well as the rigour necessary to effectively oversee BHP’s capital allocation framework.”

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MacKenzie said he was committed to the creation of long-term value for all shareholders.

“As incoming chairman, I look forward to engaging with shareholders and other stakeholders over the coming weeks to understand their perspectives,” MacKenzie said.

The world’s biggest mining company announced last month that it was busy with further cost reductions and implementing technology programmes to improve safety and unlock resources, in a bid to grow value and improve returns.

As part of these plans, BHP Billiton was rebranding itself by changing its name back to just BHP, though the rebranding would not immediately include plans to formally change its listed name.

Since 2015, BHP suffered significant financial and reputational damage, after the Samarco dam disaster in Brazil at one of its joint ventures killed 19 people, destroyed 200 houses, and caused severe environmental damage.

African News Agency

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