Home Business NewsBusinessKen MacKenzie to become BHP Chairman effective 1 September 2017

Ken MacKenzie to become BHP Chairman effective 1 September 2017

by
16th Jun 17 8:37 am

Big new appointment

The BHP Board has elected Ken MacKenzie to succeed Jac Nasser as Chairman.

MacKenzie will assume the role of Chairman effective 1 September 2017, following Nasserโ€™s retirement as both Chairman and a Non-executive Director.

The appointment follows a formal Chairman succession process led by Senior Independent Director, Shriti Vadera.

Mr MacKenzie joined the BHP Board as a Non-executive Director in September 2016 and is a member of the Boardโ€™s Sustainability Committee.

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

MacKenzie served as Managing Director and Chief Executive Officer for 10 of those 23 years.

Senior Independent Director, Shriti Vadera, said โ€œAs we announce the election of a new Chairman, 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.

โ€œWith the assistance of Heidrick & Struggles, a leading international recruitment firm, the Board undertook a rigorous search and assessment of potential external and internal candidates against clear skills and performance criteria.

โ€œKen 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 BHPโ€™s capital allocation framework.โ€

Leave a Comment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]