The board of BHP Group (ASX:BHP) has appointed Mike Henry as Chief Executive Officer, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019.
Mr Henry has 30 years’ experience in the global mining and petroleum industry and has been a member of BHP’s executive leadership team since 2011.
Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020.
He will receive a base salary of $1.7 million US dollars per annum. However this will only constitute 25 per cent of total target remuneration, with an additional 75 per cent represented by incentive plans that will be dependent upon performance.
Shares in BHP Group (ASX:BHP) are trading 1.1 per cent lower at $36.40.