Jac Nasser, Chairman of BHP has announced the appointment of Terry Bowen and John Mogford to the BHP Board as independent Non-executive Directors, effective October.
With over 25 years of strategic, operational and financial experience across a range of sectors, Mr. Bowen has been the finance director of Wesfarmers Limited for the past eight years. During this time, he has been responsible fro the disciplined allotment of capital among its 38 businesses across different industries. Mr. Bowen has also had extensive experience transforming and operating businesses in the Wesfarmers structure, with a focus on improved cash flow and cost efficiency.
While Mr. Mogford has over 40 years experience in the oil and gas sector, including 33 years at BP plc in technical, operational and leadership roles. While he worked at BP, he acquired an understanding of the oil and gas business, working particularly in the areas of exploration, downstream, upstream and safety. Mr. Mogford also has private equirt and strategic experience in the energy sector, holding the roles of Managing Director and Operating Partner at First Reserve Corporation.
Mr Nasser said that both appointments would be excellent additions to the BHP Board: “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.
Terry has extensive operational, strategic and capital allocation experience, across a range of industries, gained through his role at Wesfarmers and prior roles. John has deep operational and technical oil and gas experience. He has successfully managed large and complex projects and operations, has an in-depth understanding of global markets through the cycle, and has private equity and strategic experience in the energy sector.
Terry and John will make significant contributions to the BHP Board, supplementing and enhancing the current skills and experience of the other Directors.”
Mr Nasser also announced that, given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell, Malcolm Brinded has decided not to stand for re-election as a Non-executive Director at the 2017 Annual General Meetings of BHP, with 18 October 2017 to be Mr Brinded’s final day on the Board of BHP. Mr Nasser said: “Malcolm has been an active and engaged member of the Board since he joined in April 2014. He has made an outstanding contribution to BHP during his tenure, and the Board looks forward to the time when Malcolm will be able to recommence his service on the Board of BHP.”
Read the article online at: https://www.globalminingreview.com/finance-business/25082017/bhp-changes-its-board-of-directors-announcing-appointment-of-two-new-members/