Former Amcor CEO to succeed Nasser at BHP
Friday, 16 June, 2017 - 09:52
BHP Billiton's chairman-elect Ken MacKenzie's top priority will be to meet as many shareholders as possible, when he takes the reins in September.
Kenneth MacKenzie was managing director and chief executive of Amcor from 2005 to 2015. Mr MacKenzie had a 23-year career with Amcor, gaining experience across all of Amcor's major business segments in the Americas, Australia, Asia and Europe. Between 2001 and 2005, Mr MacKenzie was group managing director at Amcor Rentsch. Prior to this, his roles with Amcor included group general manager of flexible packaging, group general manager of corporate sales & marketing at Amcor Australasia, and director of finance and director of engineering & information technology at Amcor Rigid Plastics. Mr MacKenzie also worked in the manufacturing strategy practice of Accenture from 1987 to 1992.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
950th | Endeavour Group">Endeavour Group | -7.71% | 0% |
951st | Healius">Healius | -8.01% | -12.01% |
952nd | BHP">BHP | -8.04% | 11.42% |
953rd | Blackwall">Blackwall | -8.12% | -4.5% |
954th | EnviroSuite">EnviroSuite | -8.17% | -25.66% |
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BHP Billiton's chairman-elect Ken MacKenzie's top priority will be to meet as many shareholders as possible, when he takes the reins in September.
Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.
New BHP Billiton chairman Ken MacKenzie has backed his chief executive's performance and cautioned activist shareholders that the board will ultimately determine the company's direction.
BHP shareholders are poised to reject a motion urging the world's biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change.
BHP chief executive Andrew Mackenzie will retire as boss of the world's biggest miner at the end of 2019, when insider Mike Henry will take the reins.
BHP is reshaping its business and corporate structure, with the company selling its petroleum division, making a big investment in potash and ending its dual-listed structure.
BHP has defended its climate strategy despite involvement in Woodside’s contended Scarborough LNG project, which has been subject to increasing environmental campaigns.
BHP leaders have braced shareholders for a ‘complex’ short-term horizon and issued an apology to those who have experienced damaging behaviour at its work sites, during an AGM in Perth today.
BHP is poised to substantially increase its exposure to copper and nickel after the board of takeover target OZ Minerals backed an increased offer.
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