The Australian mining giant is ramping up the search for a new CEO in the coming months, insiders told Bloomberg. Canadian Mike Henry is approaching the end of a six-year term, which is about the usual tenure for the company’s chief executives. (Bloomberg)
Talking point: British Columbia-born Henry has overseen the development of the world’s largest potash mine in Saskatchewan during his tenure, but such projects will be under scrutiny from new leadership as the global economy slows. At a conference in Toronto last month, Henry warned that other countries are stepping up their efforts to woo mining investments, and that Canada risks falling behind. Potential successors are likely to include external candidates, but could also include Australia-based BHP executive Geraldine Slattery, chief financial officer Vandita Pant and chief commercial officer Ragnar Udd, Bloomberg reported. BHP declined to comment to Bloomberg.