BHP reshuffles boardroom in major shake-up

7th Dec 2023 07:12

(Sharecast News) - Mining giant BHP Group has announced a major executive leadership team reshuffle, with four people stepping into new roles, including its chief financial officer (CFO).

The changes, which will take place in March 2024, "ensure that we continue to build organisational capacity, with the right mix of skills, experience and perspectives to deliver BHP's strategy and pursue our growth agenda," said chief executive Mike Henry.

Vandita Pant, currently chief commercial officer (CCO), will replace CFO David Lamont who will remain as a senior executive officer in an advisory and projects capacity until 2025. Pant joined BHP in 2016 and was previously group treasurer and head of European operations.

Rag Udd, currently president of the Americas division, will step up to be Pant's replacement as CCO, while Udd will be succeeded by Brandon Craig, currently asset president of Western Australia Iron Ore.

Meanwhile, BHP's chief development officer Johan van Jaarsveld is being appointed as the company's new chief technical officer, replacing Laura Tyler who will leave the company next year. BHP said it will announce van Jaarsveld's replacement in due course.

Thanking both outgoing executives, Tyler and Lamont, Henry said: "BHP continues to make significant progress on its strategy, delivering strong operating performance, an enhanced portfolio more strongly leveraged to the megatrends shaping the world, improved growth options, and a differentiated approach to social value creation - all in support of strong long-term shareholder returns."