- Push-out Score determined
- After almost seven years in the position
- Praise and thanks for Mackenzie
- Mike Henry taking over
- Mackenzie said 123 words
(exechange) — Melbourne, Australia, November 14, 2019 — Andrew Mackenzie, chief executive of BHP, leaves. As announced by BHP Group Ltd. in a news release on Thursday, November 14, 2019, Andrew Mackenzie leaves his post as Chief Executive Officer at the world’s largest listed mining company after almost seven years in the role, effective December 31, 2019.
Andrew Mackenzie’s duties as CEO will be taken over by Mike Henry, currently President Operations Minerals Australia of BHP Group Ltd.
“Deliver a culture of high performance and returns for BHP”
A reason for Andrew Mackenzie’s departure from the CEO post was not explicitly provided. Chairman Ken MacKenzie said: “Mike Henry’s deep operational and commercial experience, developed in a global career spanning the Americas, Europe, Asia and Australia, is the perfect mix for our next CEO. I am confident his discipline and focus will deliver a culture of high performance and returns for BHP.”
Precise information regarding Andrew Mackenzie’s future plans was not immediately available.
BHP said: “Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019.”
Share price decline
The announcement follows a decline in BHP Group Ltd.’s share price of 15% since July 2019.
Chaired by Ken MacKenzie
BHP Group Ltd. is chaired by Ken MacKenzie.
Ken MacKenzie has been a Director of BHP Group Limited and BHP Group Plc since September 2016. He was appointed Chairman with effect from September 1, 2017.
In the position of CEO since 2013
Andrew Mackenzie became CEO of the Company in May 2013.
Andrew Mackenzie was appointed Director of BHP Group Limited and BHP Group Plc in May 2013.
He was appointed Chief Executive Officer on May 10, 2013.
Andrew Mackenzie has over 30 years’ experience in oil and gas, petrochemicals and minerals.
He joined BHP in November 2008 as Chief Executive Non-Ferrous and commenced as Chief Executive Officer in May 2013.
Prior to BHP, Andrew Mackenzie worked at Rio Tinto, where he was Chief Executive of Diamonds and Minerals, and BP where he held a number of senior roles, including Group Vice President for Technology and Engineering, and Group Vice President for Chemicals.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to BHP and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 46.2019 ($).