BHP Billiton PLC Ken MacKenzie to become BHP Chairman (2670I)
16 June 2017 - 4:00PM
UK Regulatory
TIDMBLT
RNS Number : 2670I
BHP Billiton PLC
16 June 2017
NEWS RELEASE
Release Time IMMEDIATE
Date 16 June 2017
Release Number 17/17
Ken MacKenzie to become BHP Chairman effective 1 September
2017
The BHP Board has elected Ken MacKenzie to succeed Jac Nasser as
Chairman.
Mr MacKenzie will assume the role of Chairman effective 1
September 2017, following Mr 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.
Mr 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. Mr MacKenzie served as Managing Director and
Chief Executive Officer for 10 of those 23 years.
Senior Independent Director, Shriti Vadera, 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. 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.
"With 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.
"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. In particular, 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."
Chairman-elect, Ken MacKenzie, said "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. 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."
KEN MACKENZIE - BIOGRAPHY
Ken MacKenzie, 53, has been a Director of BHP Billiton Limited
and BHP Billiton Plc since September 2016 and is a member of the
Board's Sustainability Committee.
From 2005 until 2015, he served as the Managing Director and
Chief Executive Officer of Amcor Limited (Amcor), a global
packaging company with operations in over 40 countries. During his
23 year career with Amcor in various senior executive positions,
Ken gained extensive experience across all of Amcor's major
business segments in developed and emerging markets in the
Americas, Australia, Asia and Europe.
During his tenure as Managing Director and Chief Executive
Officer of Amcor, Mr MacKenzie successfully oversaw a period of
industry consolidation, executing over 30 mergers and acquisition
transactions to further improve scale and industry structure. He
rationalised Amcor's portfolio, focusing on segments with strong
market positions, and increased Amcor's market capitalisation from
$US4.5 billion to $US12.5 billion. Amcor now derives the majority
of its annual revenues from overseas markets and is cited as one of
the few blue-chip Australian companies to successfully expand
offshore.
Ken MacKenzie grew up in Canada and holds a Bachelor of
Engineering from McGill University. He started his career as a
manufacturing strategy consultant at global consulting firm
Accenture's North American operations. During his career, he has
lived and worked in the Americas, Europe and Australasia and
currently resides in Melbourne.
He is a Fellow of the Australian Institute of Company Directors
and a Fellow of the Australian Institute of Engineers.
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