BHP Names Ken MacKenzie as Chairman Amid Activist Challenges
- New chairman says he has plans to engage with shareholders
- Singer’s Elliott backs appointment and renews call for change
What We Know About BHP's New Chairman Ken MacKenzie
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BHP Billiton Ltd. named former packaging company head Ken MacKenzie to chair its board, a move supported by the most vocal critic of the mining giant as it grapples with a mounting challenge from restive investors and slowing growth in top customer China.
MacKenzie, 53, who will take up the role on Sept. 1, replaces the outgoing Jacques Nasser, 69, the world’s biggest mining company said Friday in a statement. The new chairman was appointed to BHP’s board in September 2016 after more than doubling the market value of Australia’s largest packaging company Amcor Ltd. in a decade-long spell as chief executive officer that ended in 2015.