TIDMBLT
RNS Number : 2433Y
BHP Billiton PLC
19 February 2013
NEWS RELEASE
Release Time IMMEDIATE
Date 20 February 2013
Number 03/13
MARIUS KLOPPERS TO RETIRE, ANDREW MACKENZIE TO BECOME CEO
The Board of BHP Billiton today announced that Marius Kloppers
will retire as Chief Executive Officer and a Director of the
company on 10 May 2013 and that Andrew Mackenzie, will succeed him
and join the Board on that date. Marius will retire from the Group
on 1 October 2013.
Andrew, 56, is BHP Billiton's Chief Executive Non-Ferrous. He
has over thirty years experience in oil and gas, petrochemicals and
minerals. He joined BHP Billiton in November 2008. Andrew has a
doctorate in Chemistry and a first-class degree in Geology.
In making the announcement BHP Billiton Chairman Jac Nasser
acknowledged the outstanding contribution Marius Kloppers has made
to the growth of BHP Billiton:
"Marius was appointed Chief Executive just prior to the global
financial crisis. Despite an exceptionally difficult economic
environment during his tenure, Marius and his team have delivered
for shareholders, significantly outperforming our peers in terms of
total shareholder returns. He drove new investments into next
generation opportunities including US onshore gas and liquids and
created one of the most valuable companies in the world.
"He leaves BHP Billiton a safer and stronger company.
"In succeeding Marius, Andrew brings a unique combination of
deep industry knowledge and global management experience to the CEO
role. Andrew held senior positions in BP and Rio Tinto before
joining BHP Billiton in 2008. He has led our Non-Ferrous division
for the last five years working across four continents with
responsibility for over half of our 100,000 people.
"Our succession planning process has served the company well for
over a decade. Today's announcement is a result of that planned and
considered process.
"The Board has decided that Andrew is the right person to lead
BHP Billiton in a changing global environment," said Mr.
Nasser.
Andrew said he was honoured by the appointment.
"When Marius offered me the chance to join BHP Billiton I jumped
at the opportunity.
"It is a privilege to be asked to lead one of Australia's great
companies and the world's leading diversified natural resources
company. I look forward to working closely with Marius during the
transition and building on his legacy including continuing the
focus on our strategy of owning and safely operating large, low
cost, long life assets diversified by commodity, geography and
market.
"I am grateful that the Board's succession process will allow
me, together with Marius, to spend the next two months meeting with
and listening to our people, our shareholders, and the many other
stakeholders that contribute to our Company's success."
Mr. Kloppers said his decision to retire was difficult.
"I've been very fortunate to lead one of the world's great
resource companies. Deciding the right time to retire was never
going to be easy.
"However after almost twenty years with BHP Billiton, twelve as
a senior executive and nearly six as CEO, I believe now is the
right time to pass the leadership baton.
"I am very proud of the achievements of our Company and our
people. One of the first decisions I made when I became CEO was to
bring Andrew into BHP Billiton, and I look forward to working
closely with him, the Board and the management team during the
transition," Mr. Kloppers said.
Andrew will be based at the Group's headquarters in Melbourne,
Australia. He and his wife Liz will move to Melbourne in the coming
months.
BHP Billiton also today reported results for the half year ended
31 December 2012 including Underlying EBIT of US$9.8 billion and
Attributable profit excluding exceptional items of US$5.7 billion
and an interim dividend of 57 US cents per share (see separate
press release dated 20 February 2013 for further details).
Details of Andrew's employment contract, including the
remuneration arrangements, will be announced before he commences in
the role. Leaving arrangements for Marius are governed by the terms
approved by shareholders and will be announced at the date of his
retirement as CEO.
Biographical details of Andrew are attached.
Further information on BHP Billiton can be found at:
www.bhpbilliton.com.
Media Relations Investor Relations
Australia
Australia
James Agar
Antonios Papaspiropoulos Tel: +61 3 9609 2222 Mobile:
Tel: +61 3 9609 3830 Mobile: +61 467 807 064
+61 477 325 803 email: James.Agar@bhpbilliton.com
email: Antonios.Papaspiropoulos@bhpbilliton.com
Andrew Gunn
Fiona Hadley Tel: +61 3 9609 3575 Mobile:
Tel: +61 3 9609 2211 Mobile: +61 439 558 454
+61 427 777 908 email: Andrew.Gunn@bhpbilliton.com
email: Fiona.Hadley@bhpbilliton.com
Eleanor Nichols United Kingdom and South Africa
Tel: +61 3 9609 2360 Mobile:
+61 407 064 748 email: Eleanor.Nichols@bhpbilliton.com Tara Dines
United Kingdom Tel : +44 20 7802 7113 Mobile
: +44 7825 342 232
Ruban Yogarajah Email : Tara.Dines@bhpbilliton.com
Tel: +44 20 7802 4033 Mobile:
+44 7827 082 022 Americas
email: Ruban.Yogarajah@bhpbilliton.com Brendan Harris
Jennifer White Tel: +44 20 7802 4131 Mobile:
Tel: +44 20 7802 7462 Mobile: +44 7990 527 726
+44 7827 253 764 email: Brendan.Harris@bhpbilliton.com
email: Jennifer.White@bhpbilliton.com
Matt Chism
Americas Tel: +1 71 359 96158 Mobile:
Jaryl Strong +1 281 782 2238
Tel: +1 713 499 5548 Mobile: email: Matt.E.Chism@bhpbilliton.com
+1 281 222 6627
email: Jaryl.Strong@bhpbilliton.com
BHP Billiton Limited ABN 49 BHP Billiton Plc Registration
004 028 077 number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse
Street Place
Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom
Tel +61 1300 55 4757 Fax +61 Tel +44 20 7802 4000 Fax +44
3 9609 3015 20 7802 4111
Members of the BHP Billiton Group which is headquartered in
Australia
Andrew Mackenzie
BSc (Geology) PhD (Chemistry)
Summary:
As Chief Executive of BHP Billiton Non-Ferrous, Andrew is
responsible for overseeing a large portion of the Company's
portfolio including Escondida in Chile, the world's largest single
source of copper. Andrew manages over 50,000 people across four
continents.
During his 30-year career in oil and gas, petrochemicals and
minerals, Andrew has held a variety of senior leadership roles.
During his 22 years at BP he held positions including: Head of
Capital Markets; Head of Government and Public Affairs worldwide;
Chief Technology Officer; Chief Reservoir Engineer with oversight
of oil and gas reserves and production and Group Vice President
Petrochemicals. From 2004 until Marius Kloppers invited him to join
BHP Billiton in November 2007 Andrew was Chief Executive of
Industrial Minerals Division for Rio Tinto and Chief Executive of
Diamonds and Minerals. From 2005 to 2007, he served as the Chairman
of the Board of trustees of the think tank Demos. He has served as
a director on the board of the top 30 FTSE100 energy company
Centrica Plc. since 2005, serving on its Audit, Remuneration and
Corporate & Social Responsibility committees.
Biography:
Andrew grew up in the industrial town of Kirkintilloch near
Glasgow. He lived through the decline of the coal mines nearby and
the Miners' Welfare in the town donated the science prizes he won
at school.
Andrew began his career as a geologist and organic geochemist.
His PhD on steroidal molecular maturity parameters won Best Paper
of 1980 and had important implications for oil and gas exploration.
Its findings are still in routine use by academics and oil
explorers today.
As a scientist, he published over 50 research papers and was a
research fellow with the British Geological Society and as a
Humboldt Fellow, he worked at the Nuclear Research Centre in
Julich, Germany. In 1986 he received the President's Award from the
Geological Society and in 2002 the Aberconway Medal by the
Geological Society.
His citation for the Aberconway Medal read "he has made
extraordinary and long-lasting contributions to our understanding
of petroleum generation, migration and entrapment" and "his work
has become 'part of the furniture', enshrined in mathematical
models used everywhere to predict the likely location, composition
and sizes of hydrocarbon accumulations".
In 1983 Andrew joined BP's research arm, introducing and
refining many of the techniques he had created within a commercial
environment. Putting theory into practice, he was a key member of
the teams that discovered oil and gas fields in Norway and
Indonesia that are still producing today. Fast-tracked to BP
Finance, Andrew wrote the algorithmic software that allowed BP to
manage its interest-rate exposure better than its competitors, then
as Head of Capital Markets helped restore BP's balance sheet by
restructuring its debt book, making asset disposals and a share
repurchase programme.
During his 22-year career with BP, Andrew also ran research at
BP Chemicals and was Chief Reservoir Engineer where he pioneered
extraction techniques in the North Sea, which significantly
improved extraction rates and are standard practice today. As Chief
Technology Officer, he founded the renowned BP Institute in
Cambridge as well as institutes in Princeton, Berkeley and Caltech,
whose research to this day contributes to BP's ability to attract
world-class talent.
His final role with BP was in the USA as Group Vice President
Petrochemicals where he oversaw the merger with Amoco's chemical
businesses and returned the combined plastics and solvents business
to profitability.
Andrew moved to Rio Tinto in 2004 as Chief Executive of
Industrial Minerals Division. He built a $5 billion greenfield-site
Titanium mine in Madagascar and merged the borates, talc and salt
businesses.
In 2007, Marius Kloppers persuaded Andrew to join BHP Billiton
as Chief Executive of Non Ferrous.
Andrew has been a non-executive Director of Centrica since 2005
and has served on the Audit, Remuneration and Corporate &
Social Responsibility committees. He has also chaired Demos, one of
the UK's most influential think-tanks.
In his career Andrew has lived in six countries on four
continents. He speaks five languages. He has been married to Liz
for 35 years and they have two daughters.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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