Bloomberg reported that BHP Billiton has named copper unit head Andrew Mackenzie their new CEO, on the heels of recent news of dismal profits.
As quoted in the market report:
Mackenzie is pretty well regarded, quite an experienced executive, but perhaps he’s going to be a little bit more focused on running the operations and expecting the best out of the operations, not that Marius wasn’t previously,” said Paul Xiradis, chief executive officer at fund manager AusbilDexia Ltd., which holds BHP stock. “That’s going to be the focus rather than expanding so it’s a new era.
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