Resources giant BHP Billiton’s Chris Lynch on Wednesday announced his retirement from the company, a week after Marius Kloppers had been appointed CEO.
Lynch, who was also in the running for the position of CEO, would retire from the board on June 30 and from the company early in the new financial year.
BHP Billiton said in a statement that a replacement for Lynch, who is group president for carbon steel materials and an executive director, would be made in due course.
Outgoing CEO Chip Goodyear, who retires from the company at the end of the year, would assume responsibilities for Lynch’s position until a replacement has been appointed.
Last week, BHP Billiton announced that the South African-born Kloppers would lead the mining group from October 1.
Kloppers and Lynch joined the BHP Billiton board on January 1, 2006.
Lynch commented that his time with BHP and BHP Billiton had been both “professionally and personally rewarding” and that he was looking forward to new challenges.
“Chris is a world-class executive who has made a significant contribution to the company over many years, including in his role as CFO and more recently as group president carbon steel materials,” chairperson Don Argus said.