BHP Billiton changes board member

BHP Billiton changes board member

12:31 PM, 9th June 2011
BHP Billiton changes board member
Jacques Nasser, Chairman, BHP Billiton.

MELBOURNE, AUSTRALIA: Jacques Nasser, Chairman, BHP Billiton, said that Alan Boeckmann will retire from the board and Lindsay Maxsted will be appointed as an independent Non-executive Director, both effective as of today. Maxsted is Chairman of infrastructure company, Transurban Group and a Non-executive Director of Westpac Banking Corporation, where he is Chairman of the Audit Committee and a member of the Risk Management Committee. He was previously KPMG Australia CEO from January 2001 to December 2007.


“Alan Boeckmann has made an extremely valuable contribution to the BHP Billiton board and the remuneration committee through his extensive global project experience and business acumen. Lindsay Maxsted’s appointment follows a rigorous succession planning process to identify candidates with the skills and expertise to be able to make a significant contribution to the board. His financial acumen and extensive experience make him an excellent addition as a Non-executive Director,” said Nasser.


A corporate recovery specialist, Maxsted spent his career managing a number of Australia’s largest corporate, workout and turnaround engagements.  He continues to undertake consultancy work in the restructuring advisory field. The number of BHP Billiton directors remains at 12.

(C) WOC News




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