BHP Billiton CEO Marius Kloppers retire

BHP Billiton CEO Marius Kloppers to retire

5:42 AM, 21st February 2013
BHP Billiton CEO Marius Kloppers to retire

MELBOURNE, AUSTRALIA: BHP Billiton 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 is BHP Billiton’s Chief Executive Non-Ferrous. He has over thirty years experience in oil and gas, petrochemicals and minerals.

“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 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,” said Jac Nasser, Chairman, BHP Billiton.

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