|
BIL
BIBLT
BIL - BHP Billiton - Senior Executive changes
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release IMMEDIATE
Time
Date 28 November 2011
Number 35/11
SENIOR EXECUTIVE CHANGES
BHP Billiton today announced changes to its senior management team:
- Alex Vanselow, Group Executive and Chief Financial Officer, will retire
from BHP Billiton at the end of February 2012. He will be succeeded by
Graham Kerr, recently President of Diamonds and Specialty Products; and
- Mike Henry, President of Marketing, will join the Group Management
Committee as Group Executive and Chief Marketing Officer, reporting to
the Chief Executive Officer, Marius Kloppers.
Mr Vanselow, who has decided to pursue personal business interests, joined the
Company in 1989 and was appointed Chief Financial Officer in 2006.
BHP Billiton Chief Executive Officer, Marius Kloppers, said both the Board and
the entire executive team extended their thanks to Mr Vanselow and
acknowledged his significant contribution.
"Alex has served the Company with distinction over many years and in
particular during his time as the Company`s Chief Financial Officer and as a
key member of my management team. We will miss his wise counsel, but we
understand his decision to pursue other interests and wish him well. He will
be an honoured member of BHP Billiton`s alumni."
Mr Vanselow will remain with BHP Billiton until the end of February 2012 to
ensure a smooth transition to his successor, Graham Kerr. Mr Kerr will join
the Group Management Committee immediately, and will officially assume the
role of Chief Financial Officer from 1 January 2012. He will be based in
Melbourne, reporting to the Chief Executive Officer.
Mr Kerr joined what was then BHP in 1994. He served in a wide range of
finance and treasury roles before departing BHP Billiton at the end of 2004
for a brief stint in another resources company. He rejoined BHP Billiton in
2006, and until recently was President of the Diamonds and Speciality Products
Customer Sector Group based in Vancouver, Canada.
BHP Billiton`s President of Marketing, Mike Henry, will join the enlarged
Group Management Committee as Group Executive and Chief Marketing Officer,
reporting to the Chief Executive Officer, effective immediately. He will
continue to be based in Singapore.
Mr Henry joined BHP Billiton in 2003 from Mitsubishi Corporation, where he
served in a variety of commercial roles. He was appointed President of
Marketing in 2010. Prior to that appointment he had responsibility for the
marketing of a variety of commodities including Petroleum, Energy Coal and
Uranium, and has also overseen BHP Billiton`s freight operations.
Mr Kloppers welcomed both appointments to the Group Management Committee.
"Graham and Mike have made outstanding contributions to our organisation in a
variety of roles and the senior leadership group welcomes them to the Group
Management Committee."
The termination arrangements for Alex Vanselow are consistent with the Group`s
long established policy. Awards previously made to Mr Vanselow under the five
year long term incentive plan will be pro-rated (reduced) to reflect his
period of service from the date of grant to the date of departure. Those
awards must be held for the duration of the performance period and will only
vest if the performance hurdles are satisfied. No award will be made to Mr
Vanselow in respect of FY2012.
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
Sponsor: Absa Capital (the investment banking division of Absa Bank Limited,
affiliated with Barclays Capital)
Media Relations Investor Relations
Australia Australia
Samantha Stevens James Agar
Tel: +61 3 9609 2898 Tel: +61 3 9609 2222
Mobile: +61 400 693 915 Mobile: +61 467 807 064
email: Samantha.Stevens@bhpbilliton.com email:
James.Agar@bhpbilliton.com
Kelly Quirke
Tel: +61 3 9609 2896 Andrew Gunn
Mobile: +61 429 966 312 Tel: +61 3 9609 3575
email: Kelly.Quirke@bhpbilliton.com Mobile: +61 439 558 454
email:
Fiona Martin Andrew.Gunn@bhpbilliton.com
Tel: +61 3 9609 2211
Mobile: +61 427 777 908 United Kingdom and South Africa
email: Fiona.Martin2@bhpbilliton.com
United Kingdom and Americas Brendan Harris
Tel: +44 20 7802 4131
Ruban Yogarajah Mobile: +44 7990 527 726
Tel: US +1 713 966 2907 or email:
UK +44 20 7802 4033 Brendan.Harris@bhpbilliton.com
Mobile: UK +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com Americas
Scott Espenshade
Tel: +1 713 599 6431
Mobile: +1 713 208 8565
email:
Scott.Espenshade@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration
Registered in Australia number 3196209
Registered Office: 180 Lonsdale Street Registered in England and Wales
Melbourne Victoria 3000 Australia Registered Office: Neathouse Place
Tel +61 1300 55 4757 Fax +61 3 9609 3015 London SW1V 1BH United Kingdom
Tel +44 20 7802 4000
Fax +44 20 7802 4111
Members of the BHP Billiton Group which is headquartered in Australia
Date: 28/11/2011 07:07:38 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
