Tag Archives: Mike Henry

BHP supports local suppliers with reduced payment terms

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As part of its response to the spread of COVID-19, BHP says it is accelerating payment of outstanding invoices and the reduction of payment terms for its small business partners and regional communities.

This support will see payment terms cut from 30 days to seven days for more than 1,100 small Australian businesses from next week, it said.

The accelerated payment program is expected to deliver around A$100 million ($57 million) more quickly into the hands of its small business partners, the company said. In this context, a small business is defined as generating less than A$10 million in revenue.

BHP CEO, Mike Henry, said looking after the wellbeing and safety of its people, communities and partners is the highest priority.

“We are taking action to reduce the risk of transmission at our sites, in our offices and in our communities. Our local and small business partners play a critical role in supporting our operations and our people, and we know this is a very difficult time for them. We must look out for each other as we manage through this together,” Henry said.

BHP has also created a A$6 million fund to support its labour hire companies and their employees. The fund will be used for one-off payments for people quarantined after entering Australia and pay for labour hire employees not entitled to sick leave but affected by COVID-19, it said.

The miner said operations at its sites continue with additional monitoring and procedures in place to reduce the risk of COVID-19 transmission among its workforce, clarifying that, as things currently stand, there have been no material impacts on its operations or supply chain.

Mike Henry to ‘unlock even greater value’ from orebodies as new BHP CEO

Base metals, Mining people, Steel and iron ore, , ,

The Board of BHP has announced that Mike Henry has been appointed Chief Executive Officer and Executive Director of BHP, effective January 1, replacing Andrew Mackenzie who will retire on December 31.

Henry has 30 years’ experience in the global mining and petroleum industry, spanning operational, commercial, safety, technology and marketing roles, according to BHP. He was appointed to his current role of President Operations Minerals Australia in 2016, and has been a member of the Executive Leadership Team since 2011.

He joined BHP in 2003, initially in business development and then in marketing and trading of a range of mineral and petroleum commodities based in The Hague, where he was also accountable for BHP’s ocean freight operations. He went on to hold various positions in the company, including President Coal, President HSE, Marketing and Technology, and Chief Marketing Officer. Prior to joining BHP, Henry worked in the resources industry in Canada, Japan and Australia.

Chairman, Ken MacKenzie, said: “Mike Henry’s deep operational and commercial experience, developed in a global career spanning the Americas, Europe, Asia and Australia, is the perfect mix for our next CEO. I am confident his discipline and focus will deliver a culture of high performance and returns for BHP. Mike has been a strong advocate for the industry, driving higher standards of safety and a commitment to our local communities and global stakeholders.

“We would like to recognise the outstanding contribution of Andrew Mackenzie to BHP as CEO. Under his leadership, BHP has transformed into a simpler and more productive company, financially strong and sharply focused on value for shareholders. We thank him for his vision and hard work, which has changed the way we operate and engage with the world.”

Outgoing CEO, Andrew Mackenzie, said: “It has been a privilege to serve as CEO of BHP. Our products are essential to global economic development and we deliver them in a way that creates significant value, for our shareholders, our employees, communities, nations and the world. BHP is in a good position. We have a simple portfolio, a strong balance sheet and options to grow value and returns for decades to come.

“Fresh leadership will deliver an acceleration in the enormous potential for value and returns that will come from BHP’s next wave of transformation. Choosing the right time to retire has not been an easy decision, however the company is in a good position. I am confident Mike and BHP will seize the many opportunities that lie ahead.”

CEO-Elect, Mike Henry, said: “I am honoured and privileged to be appointed as CEO and to have the opportunity to lead the talented and hard-working people who make BHP a great company. For more than 130 years, through the ingenuity and commitment of its people, BHP has delivered shareholder value while successfully adapting its portfolio, operations and products. Today we are even safer, more predictable and more focused.

“We will unlock even greater value from our orebodies and petroleum basins by enabling our people with the capability, data and technology to innovate and improve. We must operate safely, with discipline and reduce our impact on the environment. With the right people and the right culture we will deliver value and strong returns for shareholders and for all of society.”