BHP CEO Marius Kloppers will retire on May 10, 2013. Picture: AFP Source: news.com.au
BHP Billiton chief executive Marius Kloppers will retire as chief executive officer as the global resources giant posted a 58 per cent fall in first half profit to $US4.24 billion ($4.14 billion) due to lower commodity prices and a weak US dollar.
Andrew Mackenzie, will succeed him and join the Board on that date. Marius will retire from the Group on 1 October 2013.
Mr McKenzie, 56, is BHP Billiton's Chief Executive Non-Ferrous a role in which he is head of the Olympic dam project.
He has over thirty years experience in oil and gas, petrochemicals and minerals. He joined BHP Billiton in November 2008.
Mr McKenzie has a doctorate in Chemistry and a first-class degree in Geology.
Read: Marius Kloppers joins the corporate scrapheap
BHP Billiton Chairman Jac Nassersaid Mr Kloppers had made an the outstanding contribution to the growth of BHP Billiton:
"Marius was appointed Chief Executive just prior to the global financial crisis. Despite an exceptionally difficult economic environment during his tenure, Marius and his team have delivered for shareholders, significantly outperforming our peers in terms of total shareholder returns. He drove new investments into next generation opportunities including US onshore gas and liquids and created one of the most valuable companies in the world.
"He leaves BHP Billiton a safer and stronger company.
"In succeeding Marius, Andrew brings a unique combination of deep industry knowledge and global management experience to the CEO role. Andrew held senior positions in BP and Rio Tinto before joining BHP Billiton in 2008. He has led our Non-Ferrous division for the last five years working across four continents with responsibility for over half of our 100,000 people.
"Our succession planning process has served the company well for over a decade. Today's announcement is a result of that planned and considered process.
"The Board has decided that Andrew is the right person to lead BHP Billiton in a changing global environment," said Mr. Nasser.
CEO Mackenzie has impressive background
New CEO Andrew MacKenzie is from Scotland and joined BHP in 2008 from rival Rio Tinto.
He has an impressive academic background with a doctorate in chemistry and a first-class degree in geology.
MacKenzie said it was a privilege to be asked to lead BHP after spending 22 years at BP before joining Rio Tinto as the head of its industrial minerals division in 2004.
The married father of two daughters speaks five languages, and has lived in six countries on four continents during his career, BHP said on Wednesday.
He and his wife Liz will move to Melbourne in the coming months ahead of his new role.

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