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BIL
BIBLT
BIL - BHP Billiton Plc - Chairman succession date
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
CHAIRMAN SUCCESSION DATE
The BHP Billiton Board today announced that Mr Don Argus AC will retire as
Chairman and a Non-executive Director on 30 March 2010. As previously announced,
Non-executive Director, Jac Nasser AO, will assume the role of Chairman of BHP
Billiton from that date.
Mr Nasser said, "The Board wishes to pay special tribute to the immense
contribution Don Argus has made to BHP Billiton over many years of dedicated
service. In the thirteen years since he joined the BHP Board, and particularly
over his ten years as Chairman, Don has led BHP Billiton to the distinctive
leadership role in its sector.
"Don will be remembered for being instrumental in transforming and truly
internationalising BHP through the merger with Billiton to become BHP Billiton,
the world`s largest diversified resources dual listed company. Shareholders,
employees and, in fact, all stakeholders with an interest in this business have
benefited from his Chairmanship. He introduced leading corporate governance
practices, an active approach to institutional and retail shareholder engagement
and built a multi skilled and diversified Board supported by a first class
management team. This has seen an increase in market capitalisation of BHP
Billiton from US$31 billion in 2001 to US$190 billion today, operating 100
assets in over 25 countries."
Mr Argus said, "I want to sincerely thank our shareholders for their support.
It has always been my underpinning principle to respect shareholders as the
owners of the company, as it is to them I have been accountable for the
governance and performance of BHP Billiton. It has been an outstanding
highlight in my life, and an extraordinary privilege, to serve as Chairman."
From 30 March 2010, Mr Nasser will discontinue executive management
responsibilities with One Equity Partners, the private equity arm of JP Morgan,
and continue in an advisory and non-executive role. He will also remain a
Director on British Sky Broadcasting Plc and a member of the International
Advisory Council of Allianz AG.
"The succession process has facilitated a seamless transition. My priority
commitment will be the Chairmanship of BHP Billiton duly recognising the
challenges of a dual listed company structure and the requirements to represent
the interests of all shareholders in our key markets," Mr Nasser concluded.
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia United Kingdom & South Africa
Samantha Evans, Media Relations Andre Liebenberg, Investor
Tel: +61 3 9609 2898 Relations
Mobile: +61 400 693 915 Tel: +44 20 7802 4131 Mobile:
email: Samantha.Evans@bhpbilliton.com +44 7920 236 974
email:
Andre.Liebenberg@bhpbilliton.com
Amanda Buckley, Media Relations Illtud Harri, Media Relations
Tel: +61 3 9609 2209 Tel: +44 20 7802 4195 Mobile:
Mobile: +61 419 801 349 +44 7920 237 246
email: Amanda.Buckley@bhpbilliton.com email:
Illtud.Harri@bhpbilliton.com
Kelly Quirke, Media Relations Americas
Tel: +61 3 9609 2896 Scott Espenshade, Investor
Mobile: +61 429 966 312 Relations
email: Kelly.Quirke@bhpbilliton.com Tel: +1 713 599 6431 Mobile: +1
713 208 8565
email:
Scott.Espenshade@bhpbilliton.com
Leng Lau, Investor Relations Ruban Yogarajah, Media Relations
Tel: +61 3 9609 4202 Tel: US +1 713 966 2907
Mobile: +61 403 533 706 or UK +44 20 7802 4033
email: Leng.Y.Lau@bhpbilliton.com Mobile: UK +44 7827 082 022
email:
Ruban.Yogarajah@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 BHP Billiton Plc Registration
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 3 9609 Tel +44 20 7802 4000
3015 Fax +44 20 7802 4111
Members of the BHP Billiton group which is headquartered in
Australia
24 February 2010
Date: 24/02/2010 07:05:22 Produced by the JSE SENS Department.
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