PERTH (miningweekly.com) – Mining giant BHP Billiton has reshuffled its management structure, with CEO for petroleum Mike Yeager announcing his retirement from the group management committee (GMC) and the company, effective July 1.
The GMC would now comprise CEO Andrew Mackenzie, copper president Peter Beaven, petroleum and potash president Tim Cutt, coal president Dean Dalla Valle, CFO Graham Carr, iron-ore president Jimmy Wilson, aluminium, manganese and nickel president Daniel Malchuk, as well as Mike Henry, Karen Wood and Jane McAloon.
Alberto Calderon, previously the aluminium, nickel and corporate development CEO would leave the GMC, but would remain on as corporate adviser.
Ferrous and coal CEO Marcus Randolph, who was currently on a period of sick leave, was also expected to leave the GMC on May 10.
“The composition and structure of the team reflects my commitment to a relentless focus on the safe execution of BHP Billiton’s strategy,” said newly appointed Mackenzie.
He noted that with the company’s focus having shifted to an ever greater emphasis on operational excellence, the removal of a layer of management brought the operations closer to the CEO and ensured alignment between strategic and managerial leadership.
“All of this will be critical in driving our productivity agenda,” Mackenzie said.
“The new team will be tireless in its pursuit of best class in terms of dollars spent per ton mined and barrel lifted, maintaining our capital discipline, delivering sustainable returns for our owners and continuing to contribute to the communities and countries in which we operate.”