BHP Billiton Limited
21 January 2002
BHP Billiton Limited is issuing this announcement to fulfil disclosure
obligations arising from its secondary listing on the London Stock Exchange.
The text of this release is identical to that issued by BHP Billiton Plc
earlier.
21 January 2002
Ref: 01/02
BHP BILLITON DETAILS ORGANISATIONAL ENHANCEMENTS
BHP Billiton today detailed a series of enhancements to its senior management
organisation and the composition of the Group's Executive Committee.
The enhancements follow excellent progress in BHP Billiton's integration program
and will establish a more streamlined and efficient management structure. They
will also further balance the operational and functional representation on the
Group Executive Committee.
In addition, the changes provide an appropriate structure to facilitate the
transition from Paul Anderson's tenure as CEO and Managing Director, to that of
Brian Gilbertson by the end of the 2002 calendar year.
Major features of the changes are the formation of an Office of the Chief
Executive and the elimination of the role of President and CEO Minerals.
The purpose of the Office of the Chief Executive is to facilitate a seamless
transition between Paul Anderson and Brian Gilbertson as CEO and Managing
Director. Both will have common direct reports, with the exception of Steel,
until Mr Anderson's departure later this year.
Mr Anderson's main focus will relate to the delivery of the 2002 financial year
objectives; formulation of a strategic framework; a smooth leadership transition
and the effective delivery of major portfolio initiatives, including the planned
public listing of BHP Steel.
Mr Gilbertson will focus on effective delivery of the portfolio of growth
projects; improvements in the operational efficiency of the businesses and the
identification and development of new areas of business activity.
The changes to the BHP Billiton Executive Committee will be effective
immediately and include:
• Mike Salamon, currently President and CEO Minerals, will continue as the
Senior Minerals Executive on the Executive Committee, with overall
responsibility for Operational Excellence and project development within the
Minerals organisation. In addition, Mr Salamon will act as President of
Aluminium during a period of extended leave by Dave Munro (President,
Aluminium). Chris Pointon (President of Stainless Steel Materials), will
continue to report directly to Mr Salamon in his ongoing role as Chairman of
the Stainless Steel Materials Customer Sector Group;
• The Presidents of Base Metals (Brad Mills), Carbon Steel Materials (Bob
Kirkby) and Energy Coal (Mike Oppenheimer) will join the Executive Committee
as will the Vice President and Chief Marketing Officer (Marius Kloppers) and
the Vice President Group Human Resources (Ian Fraser);
• In anticipation of the planned public listing of BHP Steel, the President
of Steel (Kirby Adams) will no longer be a member of the Executive
Committee.
BHP Billiton CEO and Managing Director Paul Anderson paid tribute to Mike
Salamon for the rapid integration of the minerals operations of the former BHP
and Billiton organisations.
'Mike's work has laid the foundation for this next step, the enhancement of the
Executive Committee structure, to deliver the Group's key business priorities
over coming years,' he said.
'The new Executive Committee will comprise those responsible for managing the
entire portfolio. It will facilitate enhanced decision-making related to major
project development, capital efficiency, financial performance and
organisational effectiveness.'
The structure will also allow regular detailed reviews of the Customer Sector
Groups' (CSG) strategic and operational performance, and will enable a direct
focus between the Executive Committee and the CSGs.
Corporate governance arrangements previously advised, including the
responsibilities of the Investment Review Committee and defined capital
deployment limits, will continue unchanged.
* * * *
Further information can be found on our Internet site: http://
www.bhpbilliton.com
Australia United Kingdom/South Africa
Dr. Robert Porter, Investor Relations Michael Campbell, Investor
Tel: + 61 3 9609 3540 & Media Relations
Mobile: +61 419 587 456 Tel: +27 11 376 3360
Mobile: +27 82 458 2587
email: Robert.Porter@bhpbilliton.com email: Michael.J.Campbell@bhpbilliton.com
Mandy Frostick, Media Relations Ariane Gentil, Manager Communications
Tel: +61 3 9609 4157 Tel: +44 20 7747 3977
Mobile: +61 419 546 245 Mobile: + 44 7881 518 715
email: Mandy.J.Frostick@bhpbilliton.com email: Ariane.Gentil@bhpbilliton.com
United States
Francis McAllister, Investor Relations
Tel: +1 713 961 8625
Mobile: +1 713 480 3699
email: Francis.R.McAllister@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc
Registered in Australia Registration number 3196209
Registered Office: 600 Bourke Street Registered in England and Wales
Melbourne Victoria 3000 Registered Office: 1-3 Strand London
WC2N 5HA United Kingdom
Telephone +61 3 9609 3333 Telephone +44 20 7747 3800
Facsimile +61 3 9609 3015 Facsimile +44 20 7747 3900
The BHP Billiton Group is headquartered in Australia
This information is provided by RNS
The company news service from the London Stock Exchange
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