NEW YORK Marius Kloppers
is to retire as chief executive officer of BHP Billiton Plc,
the latest in a line of FTSE-listed mining firms to see a
change at the helm. He will be succeeded by the companys
nonferrous head, Andrew Mackenzie.
Kloppers will leave his role May 10 and retire fully from the
group Oct. 1.
Kloppers leaves the firm a safer and stronger
company, BHP Billiton chairman Jac Nasser said in a
Marius was appointed ceo just prior to the global
financial crisis. Despite an exceptionally difficult economic
environment during his tenure, Marius and his team have
delivered for shareholders, significantly outperforming our
peers in terms of total shareholder returns, Nasser said.
He drove new investments into next-generation
opportunities, including U.S. onshore gas and liquids, and
created one of the most valuable companies in the
The past several months have seen announcements of the planned
departures of Tom Albanese, chief executive officer of
London-based Rio Tinto Plc (
amm.com, Jan. 17); Mick Davies, chief executive
officer of Zug, Switzerland-based Xstrata Plc (
amm.com, Sept. 21); and Cynthia Carroll, chief
executive officer of London-based Anglo American Plc (
amm.com, Oct. 26).
Kloppers said that his decision to retire was a difficult one,
and that finding the right time to leave was never going
to be easy.
However, after almost 20 years with BHP Billiton, 12 as a
senior executive and nearly six as ceo, I believe now is the
right time to pass the leadership baton, he added.
Mackenzie, who joined London-based BHP Billiton in November
2008, has more than 30 years of experience in oil and gas,
petrochemicals and minerals. He has held senior positions at
London-based BP Plc and Rio Tinto.