BHP Billiton Chairman Jac Nasser to Step Down Next Year
20 October 2016 - 11:01PM
Dow Jones News
By Scott Patterson
BHP Billiton Ltd. (BHP) Chairman Jac Nasser said he plans to
step down as chairman of the mining giant next year.
At the company's annual general meeting in London on Thursday,
Mr. Nasser said he wouldn't seek re-election as its chairman at
next year's meeting.
He said he had planned to announce his retirement last year but
decided to stay due to the tailings dam disaster at its Brazilian
joint venture Samarco, which it operates alongside Vale.
"Now that the basic structure of the Samarco response is in
place... I have decided that I will not seek re-election" next
year, Mr. Nasser said.
-Write to Scott Patterson at scott.patterson@wsj.com
(END) Dow Jones Newswires
October 20, 2016 07:46 ET (11:46 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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