Mike Henry has been appointed chief executive officer of BHP, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019.
Mr Henry, currently BHP’s Australian minerals operations president, has 30 years’ experience in the global mining and petroleum industry.
His remuneration package in the CEO role includes a base salary of $2.5 million ($US1.7 million) per annum.
BHP 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. Mike has been a strong advocate for the industry, driving higher standards of safety and a commitment to our local communities and global stakeholders.
“We would like to recognise the outstanding contribution of Andrew Mackenzie to BHP as CEO. Under his leadership, BHP has transformed into a simpler and more productive company, financially strong and sharply focused on value for shareholders.”
Mr Henry said BHP would unlock even greater value from its ore bodies and petroleum basins by enabling its workforce with the capability, data and technology to innovate and improve.
“We must operate safely, with discipline and reduce our impact on the environment. With the right people and the right culture we will deliver value and strong returns for shareholders and for all of society,” he said.