BHP Group Ltd on Thursday named its Australian head Mike Henry to succeed Andrew...
) on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant.
Henry, a 53-year-old Canadian who joined BHP in 2003, has led its Australian operations over the past three years, including its biggest earner, iron ore, and the world’s largest metallurgical coal operations. Analysts and investors who welcomed his appointment said he was a sensible choice among the candidates who were touted.
“The board had the chance to reinvigorate, re-energise. Now we get more same, same,” said Shaw & Partners analyst Peter O’Connor.The appointment of a new CEO was not a surprise, but the timing was a bit sooner than some had expected, as Mackenzie has repeatedly said over the past year that he is keen to stay on.
Henry said his top priorities were safety, maintaining social license, trimming the group’s environmental footprint, digital transformation and staff diversity. “For us Olympic Dam is an important test, because it’s a challenging asset and it needed to be managed closely and carefully ... and that hasn’t happened,” said a fund manager who declined to be named because the issue was sensitive.
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