PERTH (miningweekly.com) – Mining major BHP on Wednesday announced the appointment of two new board members, Terry Bowen and John Mogford, after Malcolm Brinded and Grant King decided to stand down.
The mining company, which is under pressure from shareholders over its oil and gas investments, said King would not stand for re-election to the board, owing to “concerns expressed by some investors”.
King, the former CEO of Origin Energy, joined the BHP board on March 1 and would retire on August 31.
Brinded would also not stand for re-election at the October 18 annual general meeting, owing to “his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, BHP reported.
The new independent nonexecutive directors would take up their positions on October 1.
Bowen has more than 25 years’ experience across a range of sectors, and was the finance director of Wesfarmers for the past eight years.
Mogford has over 40 years’ experience in the oil and gas sector, including 33 years at BP in technical, operational and leadership roles. He also has private equity and strategic experience in the energy sector, having held roles at First Reserve Corporation and Nomura Investment Bank.
“The appointments are the outcome of our structured and robust approach to board succession, and are based on a five-year planning outlook, consideration of the skills, experience and attributes required to effectively govern the business and exhaustive global searches for suitable candidates,” said BHP outgoing chairperson Jac Nasser.
Edited by: Creamer Media Reporter
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