World's biggest miner names new CEO amid diesel supply shock concerns (Smh.com.au)
Australia's largest mining company, BHP Group Ltd., has named Brandon Craig as its next chief executive to replace Mike Henry on July 1. The outgoing boss stated that the group is currently cushioned against rising Australian fuel prices and global supply chain disruptions despite higher costs ahead of a major shake-up in leadership roles across both energy giants Woodside Energy's new CEO Elizabeth Westcott will also take over from her predecessor Craig said Australia needs to adopt more business-friendly policies if it wants
Key Points
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1BHP has appointed Brandon Craig as its new chief executive, who will replace Mike Henry on July 1.
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2Mike Henry is stepping down after serving six-and-a-half years in the top role since taking over from Ross McEwan (or starting his tenure depending on source interpretation).
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3Woodside Energy simultaneously confirmed Elizabeth Westcott as its permanent CEO and managing director, following her appointment by acting chief Liz.
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4The incoming BHP leadership is calling for Australia to adopt more business-friendly policies if it wants global investment capital.
Developments
Perspectives
Australia needs to adopt more business-friendly policies if it wants to compete for global investment capital.
— Brandon Craig (Incoming BHP Boss)BHP is cushioned against Australia's rapidly rising diesel fuel prices and supply chain insecurity, but higher costs will remain a challenge.
— Mike Henry & BrandonCraigBHP has appointed Brandon Craig as its new CEO starting July 1 after six-and-a-half years in the role under Mike Henry. The incoming leader, who previously managed BHP's Americas and Western Australia operations following two failed attempts at acquiring Anglo American, will receive an annual salary of $1.9 million plus potential bonuses up to a combined total exceeding ten times that amount over three performance periods (though specific award caps are detailed in the text).
Outgoing CEO Mike Henry and new boss Brandon Craig stated that global mining giant BHP is currently cushioned from rising diesel prices but warned higher costs will eventually increase commodity rates. This leadership transition occurred alongside Woodside Energy's permanent appointment of Liz Westcott, a move timed to capitalize on soaring gas demand caused by geopolitical disruptions in Qatar affecting LNG exports globally.
Australia's major miner BHP has appointed new CEO Brandon Craig to replace outgoing Chief Executive Officer (CEO) Mike Henry following a board announcement made in Canberra on Wednesday, while Woodside Energy named Liz Westcott as its acting chief executive officer for the role of permanent basis. The text states that these are separate events involving two different companies: "BHP" and "Woodside".