Reports that miner BHP has approached Anglo American’s chief executive to sound him out as Andrew Mackenzie’s successor signals that the end of the BHP chief’s six-year tenure is now close.
Bloomberg has reported that BHP has contacted Anglo American CEO Mark Cutifani twice this year but so far has been rejected. Cutifani, an Australian, has been the chief executive of Anglo since 2013 and is credited with a massive turnaround of a group that was in crisis when he was appointed.
BHP doesn’t comment on its succession planning but it has become increasingly apparent that the process – which is a long-term and continuous one – has been intensifying this year. Continue Reading →