MacKenzie the hot favourite as BHP votes for new chair

Original article by John Durie
The Australian – Page: 18 & 32 : 16-Jun-17

There is widespread support among BHP Billiton shareholders for Ken MacKenzie to become its next chairman. Amcor’s return on capital rose strongly during his tenure as CEO, and he was not on the BHP board when it made ill-fated investments in the US shale sector. However, the selection of a new chairman ultimately rests with the BHP board, which could potentially opt against MacKenzie in order to avoid suggestions that it was swayed by investors.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, AMCOR LIMITED – ASX AMC, ELLIOTT MANAGEMENT CORPORATION, ORICA LIMITED – ASX ORI, WESTPAC BANKING CORPORATION – ASX WBC, RIO TINTO LIMITED – ASX RIO, STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, VODAFONE AUSTRALIA LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, FEDERAL COURT OF AUSTRALIA, AMAZON.COM INCORPORATED, AUSTRALIA POST, AUSTRALIA. DEPT OF THE TREASURY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN LABOR PARTY

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