BHP Billiton (BHP) CEO Marius Kloppers will leave the company on May 10, to be replaced by...

BHP Billiton (BHP) CEO Marius Kloppers will leave the company on May 10, to be replaced by Andrew Mackenzie, head of BHP's non-ferrous metals division. Chairman Jac Nasser says Klopper's departure is the result of a "planned and considered" succession process, but rumors of a change had been swirling for months.

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  • snoopy44
    , contributor
    Comments (1495) | Send Message
    Jac Nasser is a "butcher" who brings back memories of the Sunbeam CEO "Chainsaw Al". Everywhere Nasser has gone he has done little if anything to add value to a company's bottom line. I have seen Marius Kloppers interviewed on TV several times. He is absolutely a brilliany man who knows more about mining & geology than Nasser will ever know. Kloppers was a "scapegoat" pure and simple. It's always easier to pin blame on the fall guy, despite plunging Chinese iron ore demand, a Baltic Dry Index at unprecedented low levels, and global economies slowing EVERYWHERE. Kloppers has nothing to be ashamed of. He presided over unequalled growth in BHPs market capitalization. Something that will not be repeated anytime soon as long as Nasser is in charge. Don't shed any tears for Marius. He will be offered a top management job at another mining company very soon.
    19 Feb 2013, 10:37 PM Reply Like
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