Ken MacKenzie has been named as Jac Nasser’s successor as chairman of BHP.
MacKenzie, who has been a non-executive director at BHP since September 2016, will take over on September 1, following Nasser’s retirement as both chairman and non-executive director.
Nasser announced he was planning to retire from the role in October 2016. He has held the position since 2010.
MacKenzie previously spent 23 years with global packaging company, Amcor, 10 of which were as managing director and chief executive officer.
Senior independent director Shriti Vadera, who led the succession process, said the board undertook a rigorous search and assessment of potential external and internal candidates with the assistance of recruitment firm, Heidrick & Struggles.
“Ken MacKenzie brings extensive global executive experience and a strategic approach. He has a proven track record of delivering value for shareholders. He has the operational and financial capabilities as well as the rigour necessary to effectively oversee BHP’s capital allocation framework,” Vadera said.
MacKenzie said it was an honour and a privilege to succeed Nasser as BHP chairman.
Under his leadership, BHP has been transformed into a simpler, more productive and more resilient company,” he said.
“As incoming chairman, I look forward to engaging with shareholders and other stakeholders over the coming weeks to understand their perspectives.”
MacKenzie is also part of BHP’s sustainability committee. He grew up in Canada and holds a bachelor of engineering from McGill University.