People create and sustain change. Then they will have a regional plan around social value, and then we have group-level priorities around social value. Top Stories. Mike Henry: One of the things I love about this industry is that it’s always been both local, that is, where we produce things, and global, that is, the markets that we sell into. The way we define these priorities is by assessing two dimensions: first is the degree of relevance to the business, and second is our ability to have impact. Top miner BHP promotes insider Mike Henry to CEO, shares fall Later this year, we’ll announce a commitment to the market with an updated 2030 science-based target for Scope 1 and Scope 2 emissions that align with the Paris Agreement.
After a stint teaching English in Japan, where he met his wife of 30 years, Henry landed a ⦠Take indigenous affairs as an example. The incoming chief executive of mining giant BHP, Mike Henry, has refused to say whether the company will bow to increasing shareholder pressure and ⦠His comments point to the significant impact a capable and committed leadership team can have on shifting mindsets and behaviours in a relatively short period of time. When he took on the top leadership position of the world’s largest diversified-resources company, in early 2020, the Canadian transplant in Melbourne found himself almost immediately facing the impacts of one of Australia’s most catastrophic bushfires on record. Mike Henry is currently. When they’ve seen that we’re there for them in their time of need, they’ll be there for us in our time of need. An increasing number of our shareholders understand this; in fact, if we weren’t focused on social value today, we’d have a pretty rough ride with them. The Quarterly: Can you give some examples where social value has driven decision making? Mike Henry. They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. Liability limited by a scheme approved under Professional Standards Legislation. This interview was conducted by Stephan Görner, a senior partner in McKinseyâs Sydney office. It enables the most efficient allocation of resources and will help grow the pot. Mining giant BHP has announced chief executive Andrew Mackenzie will retire at the end of the year. We use cookies essential for this site to function well. And, in some respects, that creates greater freedom to lead, because you’re not under intense scrutiny. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. Henry will assume the role of CEO and executive director on January 1, 2020, replacing Andrew Mackenzie who will retire. Each part of the business has its own social-value plan, and there will be a degree to which they prioritize some of their activities for their local circumstances. How do you see the idea of free trade evolving? (v) unexpected insights. DTTL and each of its member firms are legally separate and independent entities. View Mike Henry’s professional profile on LinkedIn. Mike Henry replaces Andrew Mackenzie as growth in China, source of more than half of BHPâs revenue, slumped in the third-quarter to the slowest pace since the early 1990s. This article was edited by Jason Li, a senior editor in the Shanghai office. We also have been studying our critical pinch points—where we might want to have a little more stock, for instance. On the other hand, it’s been very pervasive. Mike Henry BHP. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. Mike Henry: We’ve been investing for quite some time now in securing the ability to move to fully desalinated water in Chile. MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) named Mike Henry as its new chief executive, opting for his experience running the most profitable operation of the global miner after a ⦠Putting the effort into seeing BHP through the eyes of others makes us a better business. Will define 2021—and beyond navigate to the next normal: guides,,. Director and chief executive Officer of BHP a substantial contribution to our stakeholders further without eroding short-term financial or performance. 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