BHP CFO Steps Down in Executive Reshuffle -- Update
07 December 2023 - 11:30AM
Dow Jones News
By Rhiannon Hoyle
BHP Group, the world's largest miner by market value, said its
chief financial officer will step down amid a reshuffle of the
company's executive ranks.
The mining giant has revamped its business in recent years to
bet on commodities linked to decarbonization and electrification.
It has shifted away from fossil fuels and invested in industrial
metals copper and nickel, and fertilizer ingredient potash.
Mike Henry, BHP's chief executive since 2020, on Thursday said
the refresh of the leadership team is aimed at having the right mix
of skills and perspectives for the company's next leg of
growth.
BHP said Chief Financial Officer David Lamont will be succeeded
by Vandita Pant, its chief commercial officer, from March 1. Lamont
will remain with BHP until February 2025 in an advisory and
projects role, reporting to Henry.
The company named Americas President Rag Udd to succeed Pant.
Brandon Craig, currently BHP's Western Australia Iron Ore asset
president, will take up the Americas role.
The miner said Chief Technical Officer Laura Tyler will leave
BHP in February and be succeeded by Johan van Jaarsveld, who is
currently chief development officer.
"These new appointments ensure that we continue to build
organizational capacity, with the right mix of skills, experience
and perspectives to deliver BHP's strategy and pursue our growth
agenda," Henry said in a statement.
A spokeswoman for BHP declined to comment further on the
changes.
In October, BHP doubled down on its potash bet, approving a $4.9
billion project to further expand the Jansen project that it is
building in Canada's Saskatchewan province.
Earlier in the year, it bought Australian copper miner OZ
Minerals in what was its biggest acquisition in more than a decade.
It has offloaded its petroleum business and sold coal mines.
Pant--who joined BHP in 2016--has overseen the miner's sales and
marketing, among other responsibilities, for the past four years.
Her team has developed BHP's views on global commodities markets
and macro trends.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
December 06, 2023 19:15 ET (00:15 GMT)
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