Effective Jan. 1, 2020, Henry assumes the role as well as that of executive director, succeeding Andrew Mackenzie. Mike Henry was appointed Chief Executive Officer of BHP on 1 January 2020. Each part of the business has its own social-value plan, and there will be a degree to which they prioritize some of their activities for their local circumstances. Mike Henry will replace Andrew Mackenzie as chief executive officer of BHP from January 1 next year. But now, standing where we are today, the decision looks prescient. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. The Quarterly: How has becoming CEO during a time of crisis—whether it’s bushfires or global pandemics—informed your leadership style? (i) objectives, Mike Henry’s first big statement on statement on climate is very, well, Mike Henry. But the earlier that you can find a means of stepping back and seeing the bigger picture, and pushing out the time horizon of that perspective, the better. We’ve also said that we’ll come out with some tangible actions and goals on Scope 3 emissions, and we’ll have an updated scenario in a Paris Agreement–aligned sub-two-degree world. There will be greater clarity on how BHP will be incentivized to focus on climate change through the way our scorecards get constructed. Henry has been president of operations, Minerals Australia, since February 2016. That can be through regional trading agreements, and so on. BHP CEO, Andrew Mackenzie, has announced changes to the BHP Executive Leadership Team to reflect BHP’s simplified portfolio and transformation agenda. Please enable JavaScript to view the site. The Quarterly: Do you think businesses should play a more active role in solving social problems? Mike Henry: This is important to us, and also to our stakeholders, including investors. Sky high iron-ore prices have not been enough to help BHP from seeing a fall in full year profit. You can’t have great operational and financial performance without having good safety. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. By Juliet Bourke - Consulting, Partner. our use of cookies, and BHP has over 100,000 employees and contractors operating in 100 countries around the globe. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. We use cookies essential for this site to function well. “It has certainly been a different start than what I was anticipating,” he said. Use minimal essential The 2020 conference was held between 24-27 November 2020 and you can now watch the replays of our speakers' presentations. DTTL and each of its member firms are legally separate and independent entities. Mike Henry has been appointed chief executive officer of BHP. Of course, we have specific initiatives around social value, but it is also embedded in all of the decisions that we make and in the day-to-day way that leaders in BHP lead. This steers us in the direction of defining which issues we want to show leadership on. In particular we talked with Mike about his: “Nickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,” BHP CEO Mike Henry said in an interview last month. People create and sustain change. Be the first to hear about our Deloitte student opportunities, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been saved, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been removed, An Article Titled Reflections on investing in leaders to accelerate diversity and inclusion outcomes already exists in Saved items. When he took on the top leadership position of the world’s largest diversified-resources Mike Henry replaces Andrew Mackenzie as growth in China, source of more than half of BHP’s revenue, slumped in the third-quarter to the slowest pace since the early 1990s. Thankfully, we’ve got highly capable people and a good culture. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. Group Executive & Chief Marketing Officer, BHP. Later this year, we’ll announce a commitment to the market with an updated 2030 science-based target for Scope 1 and Scope 2 emissions that align with the Paris Agreement. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In addition to this being a relevant issue from a values perspective, it’s also going to hit the bottom line of everybody at BHP in a bigger way than it has in the past. https://thenewdaily.com.au/news/national/2019/11/14/mike-henry-bhp In the 30 years I’ve been in the industry, the composition of markets has shifted over time, and it’s always exciting. Four things have stood out. Good evening. Things are dynamic in Asia and continuing to evolve. What we’ll see play out is that, even as some economies shift toward being more consumer-led and being a bigger marketplace, you’ll find other Asian countries come up the economic-development curve on the slipstream and take their place as the world’s factory. Liability limited by a scheme approved under Professional Standards Legislation. This is a testament to the strong relationships we have in place, and our focus on social value. Incoming BHP Group Chief Executive Mike Henry said the world's biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers. Mike Henry: I’ll use this opportunity to build a bit of anticipation. It has lots of nations at different points of economic development, with their own unique political, economic, and cultural contexts. The Quarterly: How can multinational companies such as BHP participate more in the increased intra-Asia trade flows? Mike Henry. Mike Henry is currently. Against this dynamic background, Mike and his leadership team have invested considerable energy into furthering a diverse and inclusive workplace. Things are dynamic in Asia and continuing to evolve. (iv) lessons learned, and Top Stories. And the final one is the importance of gaining perspective. Henry is currently BHP president operations minerals Australia, a role he has held since 2016. And over time, you build greater value and greater returns for shareholders. The Quarterly: What about climate change? The Quarterly: Have these physical shocks affected the way you approach the resilience of your supply chains? They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. Then they will have a regional plan around social value, and then we have group-level priorities around social value. Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. Now, people have, well and truly, moved on from that, and everyone understands that these are two sides of the same coin. We are honoured to be recognised with these awards for making an impact that matters for our clients, communities and people. BHP has appointed a new chief executive officer, Mike Henry, following a thorough succession process. Mike served as Chief Marketing Officer and President of HSE, Marketing and Technology for BHP Group. Covid-19 put pay to all that. The Board of BHP Group (LON:BHP) has announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process.. Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. How do you see the idea of free trade evolving? With this perspective, we can make better decisions to steer through the crisis in a more confident and deliberate fashion. View Mike Henry’s professional profile on LinkedIn. With free trade, you’ve had stronger national economies and greater economic codependency, and that combination of individual economic empowerment coupled with greater economic codependency between nations is a stabilizing force, for the region and the world. I’ve lived and worked in different countries in Asia; each one has its own context. Read our latest commentary, opinion-pieces and advice. Early on in a crisis, it can be easy to get tunnel vision and to focus on managing what’s in front of your nose. MIKE HENRY will assume the role of CEO and executive director of BHP effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. Again, perspective is critical. On the other hand, it’s been very pervasive. Supplied: BHP. Third is the need to be responsive and fluid to the dynamics of an evolving crisis. Join our network to stay in touch and receive our latest opportunities. They’ve made good decisions that have allowed us to steer a steady ship through what have been some choppy waters. When I talk about getting perspective, it means getting out and engaging with people—both employees and external parties—and hearing what other companies are seeing, as well as the concerns they have. collaboration with select social media and trusted analytics partners Please use UP and DOWN arrow keys to review autocomplete results. An interview with the CEO of BHP Mike Henry explains the importance of social value in decision making and why relationships lie at the heart of business resilience. “Nickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,” BHP CEO Mike Henry said in an interview last month. The incoming chief executive of mining giant BHP, Mike Henry, has refused to say whether the company will bow to increasing shareholder pressure and … We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. BHP CEO Andrew Mackenzie will be handing over the reins to CEO-Elect Mike Henry. What’s important from a business perspective at one point in time may change over a decade or two as the economy in question evolves. Please click "Accept" to help us improve its usefulness with additional cookies. There’s also the potential for a long-term bonus - … We seek to understand the particular needs, aspirations, and concerns of our Asian customers, and then we think about how we can marry up the decisions that we take as a business. This article was edited by Jason Li, a senior editor in the Shanghai office. We knew that they would be hurting because of the pandemic, and we could play a role in supporting them. Access to free trade has allowed developing economies to develop more quickly, to improve living standards, and to lift people out of poverty. When Mike Henry took the helm of BHP a year ago he was planning to spend the first quarter of 2020 on the road meeting key customers and suppliers. Ultimately, you can’t lead from the center, because the crisis has impacted every part of the company differently depending on region or group. DTTL and each of its member firms are legally separate and independent entities. MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) named Mike Henry as its new chief executive, opting for his experience running the most profitable operation of the global miner after a … It took a degree of foresight, and definitely involved dollars and investment. Unleash their potential. When he took on the top leadership position of the world’s largest diversified-resources company, in early 2020, the Canadian transplant in Melbourne found himself almost immediately facing the impacts of one of Australia’s most catastrophic bushfires on record. We rely on each other to create prosperity for both parties, and we also know we can have an impact in that space through the way that we engage—the agreements we form together and the opportunities that are generated for indigenous empowerment. Social login not available on Microsoft Edge browser at this time. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Learn more about cookies, Opens in new BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. tab. Mike Henry: We’ve been investing for quite some time now in securing the ability to move to fully desalinated water in Chile. Please see About Deloitte to learn more about our global network of member firms. … See Terms of Use for more information. We also have been studying our critical pinch points—where we might want to have a little more stock, for instance. Mike Henry: We were well-positioned coming into this, because some great people in our procurement and supply teams are always assessing it, including the suppliers to our suppliers. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. First is the importance of prioritizing people. (iii) outcomes, At the event, a cohort of BHP experts and leaders, including our CEO, Mike Henry, updated the industry on our progress and our strategy. Mr Henry has 30 years’ experience in the global mining and petroleum industry, spanning operational, commercial, safety, technology and marketing roles. Mike Henry: We truly believe that free trade is important for the world—it’s a good thing, and not only for BHP. It enables the most efficient allocation of resources and will help grow the pot. Henry will assume the role of CEO and executive director on January 1, 2020, replacing Andrew Mackenzie who will retire. Mike Henry: One of the things I love about this industry is that it’s always been both local, that is, where we produce things, and global, that is, the markets that we sell into. Against the backdrop of COVID-19, there’s a premium on getting out, demonstrating empathy, and engaging with people to understand what their concerns are. Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights, Prioritize people in times of crisis: An interview with the CEO of BHP. Supplied: BHP. Related Articles Article - McKinsey Quarterly The CEO moment: Leadership for a new era. And that’s what we’ve seen. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. The Quarterly: As you reflect on your first six months as CEO, what are some of your biggest insights? This interview was conducted by Stephan Görner, a senior partner in McKinsey’s Sydney office. The board of BHP (LON: BHP), the world’s biggest miner, announced that Mike Henry has been appointed chief executive officer following a thorough succession process. Through doing that, I can give people what they need to make decisions in the field at any given moment. The next normal arrives: Trends that will define 2021—and beyond. Most transformations fail. Mike Henry BHP. Press enter to select and open the results on a new page. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. I’ve also realized that I can’t be the chief problem solver for BHP. The Quarterly: Asia is BHP’s biggest market—is it safe to assume that you believe that we’re currently living in the “Asian century”? One of the things that we did right at the start of the COVID-19 crisis was to support our small, local, and indigenous suppliers by reducing payment terms from 30 days or more down to seven days. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. April 2013, Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. While COVID-19 has been a crisis unlike any, it’s not specific to BHP. (ii) the nature of the interventions, An increasing number of our shareholders understand this; in fact, if we weren’t focused on social value today, we’d have a pretty rough ride with them. The way we define these priorities is by assessing two dimensions: first is the degree of relevance to the business, and second is our ability to have impact. Mike Henry is the CEO of BHP. From mine plans to safety decisions to procurement, we’re thinking about how our employees, communities, business partners, and so on are benefitting. A focus on people and relationships is important no matter where you go. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. People remember things like that. Please see, Global investment and innovation incentives, Telecommunications, Media & Entertainment, Latest reports, infographics & case studies. You have to try to understand the perspective of others, including the counterparties you’re dealing with. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. 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