May 21, 2018 Last Updated 7:58 AM, May 18, 2018

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BHP appoints Ken MacKenzie as new chairman

BHP RGN 1AusBNAusBN - BHP (ASX,LSX:BHP) has announced the appointment of Ken MacKenzie as its new chairman succeeding Jac Nasser. 

MacKenzie, who will start the job in September, is a former packaging executive with a strong pedigree after 10 years running Amcor.

The Canadian-born Mackenzie has been brought on board tasked with handling the calls to dump BHP’s oil business and overhaul the board.

Senior independent director Shriti Vadera said: ““Ken MacKenzie brings extensive global executive experience and a strategic approach. He has a proven track record of delivering value for shareholders. He has the operational and financial capabilities as well as the rigour necessary to effectively oversee BHP’s capital allocation framework.

“The BHP Board would like to recognise the outstanding contribution of our retiring Chairman, Jac Nasser. Jac has been a director for 11 years, the last seven as chairman, and has led the Company during a period of extraordinary change in the resources industry. We thank him for his long and distinguished service to BHP.”

Outgoing chairman Nasser thanked the BHP CEO Andrew MacKenzie for his vision in bringing about significant change to the company over the last four years and commended Ken Mackenzie as the board’s choice.

@AusBNonline

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