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BIL - BHP Billiton - Senior Executive changes

Release Date: 28/11/2011 07:07
Code(s): BIL
Wrap Text

BIL - BHP Billiton - Senior Executive changes BHP Billiton Plc Share code: BIL ISIN: GB0000566504 NEWS RELEASE Release IMMEDIATE Time Date 28 November 2011 Number 35/11 SENIOR EXECUTIVE CHANGES BHP Billiton today announced changes to its senior management team: - Alex Vanselow, Group Executive and Chief Financial Officer, will retire from BHP Billiton at the end of February 2012. He will be succeeded by Graham Kerr, recently President of Diamonds and Specialty Products; and - Mike Henry, President of Marketing, will join the Group Management Committee as Group Executive and Chief Marketing Officer, reporting to the Chief Executive Officer, Marius Kloppers. Mr Vanselow, who has decided to pursue personal business interests, joined the Company in 1989 and was appointed Chief Financial Officer in 2006. BHP Billiton Chief Executive Officer, Marius Kloppers, said both the Board and the entire executive team extended their thanks to Mr Vanselow and acknowledged his significant contribution. "Alex has served the Company with distinction over many years and in particular during his time as the Company`s Chief Financial Officer and as a key member of my management team. We will miss his wise counsel, but we understand his decision to pursue other interests and wish him well. He will be an honoured member of BHP Billiton`s alumni." Mr Vanselow will remain with BHP Billiton until the end of February 2012 to ensure a smooth transition to his successor, Graham Kerr. Mr Kerr will join the Group Management Committee immediately, and will officially assume the role of Chief Financial Officer from 1 January 2012. He will be based in Melbourne, reporting to the Chief Executive Officer. Mr Kerr joined what was then BHP in 1994. He served in a wide range of finance and treasury roles before departing BHP Billiton at the end of 2004 for a brief stint in another resources company. He rejoined BHP Billiton in 2006, and until recently was President of the Diamonds and Speciality Products Customer Sector Group based in Vancouver, Canada. BHP Billiton`s President of Marketing, Mike Henry, will join the enlarged Group Management Committee as Group Executive and Chief Marketing Officer, reporting to the Chief Executive Officer, effective immediately. He will continue to be based in Singapore. Mr Henry joined BHP Billiton in 2003 from Mitsubishi Corporation, where he served in a variety of commercial roles. He was appointed President of Marketing in 2010. Prior to that appointment he had responsibility for the marketing of a variety of commodities including Petroleum, Energy Coal and Uranium, and has also overseen BHP Billiton`s freight operations. Mr Kloppers welcomed both appointments to the Group Management Committee. "Graham and Mike have made outstanding contributions to our organisation in a variety of roles and the senior leadership group welcomes them to the Group Management Committee." The termination arrangements for Alex Vanselow are consistent with the Group`s long established policy. Awards previously made to Mr Vanselow under the five year long term incentive plan will be pro-rated (reduced) to reflect his period of service from the date of grant to the date of departure. Those awards must be held for the duration of the performance period and will only vest if the performance hurdles are satisfied. No award will be made to Mr Vanselow in respect of FY2012. Further information on BHP Billiton can be found at: www.bhpbilliton.com. Sponsor: Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays Capital) Media Relations Investor Relations Australia Australia
Samantha Stevens James Agar Tel: +61 3 9609 2898 Tel: +61 3 9609 2222 Mobile: +61 400 693 915 Mobile: +61 467 807 064 email: Samantha.Stevens@bhpbilliton.com email: James.Agar@bhpbilliton.com Kelly Quirke Tel: +61 3 9609 2896 Andrew Gunn Mobile: +61 429 966 312 Tel: +61 3 9609 3575 email: Kelly.Quirke@bhpbilliton.com Mobile: +61 439 558 454 email: Fiona Martin Andrew.Gunn@bhpbilliton.com Tel: +61 3 9609 2211 Mobile: +61 427 777 908 United Kingdom and South Africa email: Fiona.Martin2@bhpbilliton.com United Kingdom and Americas Brendan Harris Tel: +44 20 7802 4131
Ruban Yogarajah Mobile: +44 7990 527 726 Tel: US +1 713 966 2907 or email: UK +44 20 7802 4033 Brendan.Harris@bhpbilliton.com Mobile: UK +44 7827 082 022 email: Ruban.Yogarajah@bhpbilliton.com Americas Scott Espenshade Tel: +1 713 599 6431 Mobile: +1 713 208 8565 email: Scott.Espenshade@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration Registered in Australia number 3196209 Registered Office: 180 Lonsdale Street Registered in England and Wales Melbourne Victoria 3000 Australia Registered Office: Neathouse Place Tel +61 1300 55 4757 Fax +61 3 9609 3015 London SW1V 1BH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia Date: 28/11/2011 07:07:38 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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