Seeking Alpha

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.
From other sites
Comments (1)
  • snoopy44
    , contributor
    Comments (952) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs