mike henry bhp interview

mike henry bhp interview

This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. BHP has over 100,000 employees and contractors operating in 100 countries around the globe. Top Stories. Mike Henry: I’ll use this opportunity to build a bit of anticipation. Europe's biggest … The Quarterly: Can you give some examples where social value has driven decision making? 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. Mining giant BHP has announced chief executive Andrew Mackenzie will retire at the end of the year. Covid-19 put pay to all that. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. Mike Henry. 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”? 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. The Quarterly: Do you worry about growing nationalism in Asia? 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 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. Mike Henry has been appointed chief executive officer of BHP. I’ve got no doubt that this will continue into the future and that competition helps make us a better business. From mine plans to safety decisions to procurement, we’re thinking about how our employees, communities, business partners, and so on are benefitting. Most transformations fail. 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. This is a testament to the strong relationships we have in place, and our focus on social value. Group Executive & Chief Marketing Officer, BHP. 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 Quarterly: As you reflect on your first six months as CEO, what are some of your biggest insights? Mike served as Chief Marketing Officer and President of HSE, Marketing and Technology for BHP Group. We are honoured to be recognised with these awards for making an impact that matters for our clients, communities and people. His comments point to the significant impact a capable and committed leadership team can have on shifting mindsets and behaviours in a relatively short period of time. Henry will assume the role of CEO and executive director on January 1, 2020, replacing Andrew Mackenzie who will retire. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. 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. Join our network to stay in touch and receive our latest opportunities. Things are dynamic in Asia and continuing to evolve. On the other hand, it’s been very pervasive. I’ve also realized that I can’t be the chief problem solver for BHP. Asia isn’t a single homogeneous entity. In particular we talked with Mike about his: He also provides his views on what it will take for businesses to be successful in Asia, where he sees free trade as a continuing driver for economic progress and opportunity. Take indigenous affairs as an example. It has lots of nations at different points of economic development, with their own unique political, economic, and cultural contexts. I’ve realized that I can’t be the chief problem solver for BHP. Mike Henry: Six months is still short, and I’m sure there are going to be a ton of insights yet to come, particularly because we’re still in the midst of this crisis. “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. Mike Henry joined BHP Group in 2003. 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. Learn more about cookies, Opens in new Safety and operational performance were once seen as opposing forces; if you prioritized one, you had to sacrifice the other. In the 30 years I’ve been in the industry, the composition of markets has shifted over time, and it’s always exciting. 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. Liability limited by a scheme approved under Professional Standards Legislation. 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. There’s also the potential for a long-term bonus - … That can be through regional trading agreements, and so on. 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. 11 November, 2020. Four things have stood out. READ MORE: BHP names Mike Henry as CEO to replace Andrew Mackenzie | BHP robot trucks to haul Goonyella Riverside coal. Again, perspective is critical. ... Mike Henry… Mike Henry: One thing I’ve paid a lot of attention to is context-specific leadership, or recognizing that the leadership for one set of circumstances may not be the most effective for another. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. There isn’t some unit that handles all social-value activities; this is a line accountability, supported by functional experts. There will be greater clarity on how BHP will be incentivized to focus on climate change through the way our scorecards get constructed. There are many CEOs who are way more schooled than me in doing business in Asia and who have a good sense for what’s needed, but I think at its heart, doing business in Asia will require some of the same things that are important when doing business elsewhere. BHP CEO Mike Henry speaks to Elysse. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. BHP has appointed a new chief executive officer, Mike Henry, following a thorough succession process. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. One of the things that has allowed us to be around for this long is because of the effort that we invest in getting out there—creating relationships, gaining both a near- and a long-term perspective, and then bringing that perspective back into our decisions for how we construct the portfolio, the markets that we sell into, and the partnerships that we create. At the event, a cohort of BHP experts and leaders, including our CEO, Mike Henry, updated the industry on our progress and our strategy. The Quarterly: How can multinational companies such as BHP participate more in the increased intra-Asia trade flows? This steers us in the direction of defining which issues we want to show leadership on. Please click "Accept" to help us improve its usefulness with additional cookies. 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. 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. We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. 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. Supplied: BHP. (iii) outcomes, 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. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. 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. cookies. This article was edited by Jason Li, a senior editor in the Shanghai office. This interview was conducted by Stephan Görner, a senior partner in McKinsey’s Sydney office. 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. They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. My role is not so much to solve specific problems but to provide context, perspective, and clarity on what matters—while getting support in place and then getting out of the way. 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. Unleash their potential. Putting the effort into seeing BHP through the eyes of others makes us a better business. Mike Henry’s first big statement on statement on climate is very, well, Mike Henry. 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. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. https://thenewdaily.com.au/news/national/2019/11/14/mike-henry-bhp “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. And the final one is the importance of gaining perspective. See Terms of Use for more information. I’ve lived and worked in different countries in Asia; each one has its own context. BHP CEO, Andrew Mackenzie, has announced changes to the BHP Executive Leadership Team to reflect BHP’s simplified portfolio and transformation agenda. The Quarterly: How has becoming CEO during a time of crisis—whether it’s bushfires or global pandemics—informed your leadership style? BHP CEO Andrew Mackenzie will be handing over the reins to CEO-Elect Mike Henry. 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. (ii) the nature of the interventions, 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. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Use minimal essential I want to call out our suppliers who have pulled out all the stops to ensure that they could continue to supply to BHP, even when they were in the depths of their own COVID-19 crises. Chanticleer. Mike Henry is the CEO of BHP. Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group. Mike Henry will replace Andrew Mackenzie as chief executive officer of BHP from January 1 next year. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. Social login not available on Microsoft Edge browser at this time. There’s clearly a high relevance to the business; there’s a codependency between ourselves and traditional owner groups. After a stint teaching English in Japan, where he met his wife of 30 years, Henry landed a … Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group. The 2020 conference was held between 24-27 November 2020 and you can now watch the replays of our speakers' presentations. We see the same thing with social value. Please use UP and DOWN arrow keys to review autocomplete results. “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. Effective Jan. 1, 2020, Henry assumes the role as well as that of executive director, succeeding Andrew Mackenzie. 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. BHP Chairman Ken MacKenzie and Mike Henry are seen at a news conference to announce Henry as BHP's new CEO from January 1, 2020, at BHP's Melbourne headquarters, Australia November 14, 2019. (v) unexpected insights. 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