Equities

Reuters exclusively reports some Australian BHP investors push for external candidate for CEO

Reuters exclusively reports some Australian BHP investors push for external candidate for CEO

Reuters reported exclusively at least three institutional investors in Australia are pushing for global miner BHP Group to consider external candidates to replace Andrew Mackenzie as the CEO. The move highlights nascent investor pressure on the world’s biggest miner to consider drastic changes in management to tackle challenges like cutting costs, an eventual return to lower iron ore prices and rebuilding its reputation after a Brazil dam disaster.