BHP Billiton Limited
(ASX:BHP) has reportedly started the search for a successor to current CEO Marius Kloppers. According to The Financial Times Chairman Jac Nasser will head the hunt which is expected to occur over the next one to two years.
The global miner has refused to comment on the speculation surrounding Mr Kloppers but stated succession planning for the CEO and senior management team is an on-going process.
BHP says it maintains a well-integrated continual succession process for its most senior executives which it believes has delivered a track record of smooth succession.
Mr Kloppers is understood to have recently suggested he has no plans to leave the mining company and only weeks ago received praise from Mr Nasser for leading BHP over five successful years.
BHP Billiton posted an annual net profit of $15.2 billion in the 2012 financial year.
