The BHP Board has elected Ken MacKenzie to succeed Jac Nasser as the mining company’s Chairman.
MacKenzie will assume the role of Chairman effective 1 September 2017, following Nasser’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.
“It is an honour and a privilege to succeed Jac Nasser as Chairman of BHP. Under his leadership, BHP has been transformed into a simpler, more productive and more resilient company,” said Ken MacKenzie, Chairman-elect, BHP Billiton.
“As incoming Chairman, I look forward to engaging with shareholders and other stakeholders over the coming weeks to understand their perspectives. I am committed to the creation of long-term value for all of our shareholders and will work tirelessly with the board and management to achieve this.”
MacKenzie joined the BHP Board as a Non-executive Director in September 2016 and is a member of the Board’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 of BHP, Shriti Vadera, congratulated the existing chairman and said, “As we announce the election of a new Chairman, the BHP Board would like to recognise the outstanding contribution of our retiring Chairman, Jac Nasser. We thank him for his long and distinguished service to BHP.
“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.”
Outgoing Chairman, Jac Nasser, said “It has been an honour to serve as a Director and as Chairman of BHP. BHP is a great company with world-class assets and talented people. I would like to thank Andrew Mackenzie and his team for their vision and hard work to help deliver significant change over the past four years. Ken MacKenzie is an excellent choice as leader of the Board, and I wish him every success in the role.”