BHP announces raft of management changes in wake of demerger

BHP Billiton has announced a series of changes at the top as it carries out a massive demerger of its aluminium, coal, manganese, nickel and silver assets.

Graham Kerr, the current CFO of BHP Billiton has been appointed as the new CEO of the company built from the spun out assets.

Kerr will now retire from the current group management committee on 1 October and will be replaced as CFO Peter Beaven, who is the current head of copper.

Brendan Harris, the current head of Group Investor Relations, is slated to be the CFO of the new divested asset company.

While BHP has not yet appointed a new head of copper, the current asset president for the massive Escondida mine, Edgar Basto, will act up in the role until a replacement is found, at which time he will step into a new role in BHP Billiton.

On the back of these moves Karen Wood has also announced her retirement from BHP’s Group Management Committee, effective immediately.



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