Release Time IMMEDIATE
Date 5 June 2000
Number 49/00
CHAIRMAN AND NAME OF NEW STEEL COMPANY ANNOUNCED
The Broken Hill Proprietary Company Limited (BHP) today announced the chairman
and name of the new long products steel company scheduled to be spun-out later
this year.
A news release detailing the announcements is attached.
Contact:
MEDIA RELATIONS: INVESTOR RELATIONS:
Mandy Frostick Robert Porter
Manager Media Relations Vice President Investor Relations
Ph: +61 3 9609 4157 Ph: +61 3 9609 3540
Mob: +61 419 546 245 Mob: +61 419 587 456
Michael Buzzard Candy Ramsey BHP Investor Relations Houston
Senior Media Relations Advisor Tel: (713) 961-8640
Ph: +61 3 9609 3709 EMail: [email protected]
Mob: +61 417 914 103
Release Time IMMEDIATE
Date 5 June 2000
Number 01/00
CHAIRMAN AND NAME OF NEW STEEL COMPANY ANNOUNCED
The Broken Hill Proprietary Company Limited (BHP) today announced Peter
Smedley, Group Managing Director and Chief Executive Officer Colonial Group
will be appointed Chairman of OneSteel Limited, the new long products steel
company scheduled to be spun-out later this year.
Mr Smedley said: "I am delighted to accept this appointment to be Chairman-
Elect of OneSteel and to join Bob Every and his team as we drive towards the
planned stock exchange listing later this year. OneSteel is an exciting
Company and will have a great future.
"I will be working closely with Bob Every, and expect to have the full Board
of OneSteel in place shortly. The Board will have an appropriate blend of
experience and expertise, and be committed to maximising shareholder value.
It will include two Executive Directors: Bob Every, OneSteel Managing
Director and Chief Executive Officer and Bernard Carrasco, OneSteel Chief
Financial Officer."
Dr Every said: "I am delighted to have Peter Smedley as our Chairman-Elect,
given his outstanding track record and broad experience. My team and I are
looking forward to working with Peter and the new Board to manage the
business whilst completing the spin-out and listing".
"The name OneSteel encapsulates our strategy and commitment to being
Australia's premier steel manufacturing and distribution company. We have
the resources, the people, the distribution network and the product range to
build the business and maximise value for our various stakeholders."
Dr Every said: "Today is a significant milestone in the journey towards our
independence. We are now focused on the key steps which are ahead of us,
culminating in our stock exchange listing which is planned to be completed
before the end of the year."
***
Contact:
David Goodwin Mandy Frostick
Vice President External Affairs Manager Media Relations
OneSteel BHP
Ph: (02) 9239 6616 Ph: (03) 9609 4157
Mob: 0419 585 298 Mob: 0419 546 245
Fact Sheet 1
SMEDLEY, Peter J
Chairman-Elect, OneSteel Limited, June 2000
CAREER DATA :
Colonial Group 1993 -
Group Managing Director & Chief Executive Officer
Mr Smedley is Chief Executive Officer of the Colonial Group and Chairman of
the State Bank of New South Wales. At Colonial he oversees funds under
management worth $100 billion and directs more than 20,000 staff and field
agents.
Chairman :
Care Australia Corporate Council
State Bank of New South Wales
Colonial Investment Management Limited
Colonial Finance Limited
Colonial (UK) Limited
CMG Asia Ltd
Colonial Mutual Life Australia
Deputy Chairman :
Newcrest Mining Limited
Councillor/Member/Director :
Business Council of Australia
BCA National Gallery of Victoria
President's Council Art Gallery of New South Wales
Australian Davos Connection Ltd
Shell Australia :
Executive Director, Downstream Oil & Chemicals (1990-92)
Executive Director, Resources (1986-90)
Executive Chairman :
Drayton Coal Pty Ltd 1988-90
Callide Coalfields Pty Ltd 1988-90
Theodore Coal Pty Ltd 1988-90
Capricorn Coal Management Pty Ltd 1987-90
German Creek Coal Pty Ltd 1987-90
Director :
Shell Co of Aust Ltd 1986-92
Shell Chemicals (Aust) Pty Ltd
Shell Refining (Aust) Pty Ltd
Shell Finance (Aust) Pty Ltd
Neptune Oil Co Pty Ltd 1990-92
Worsley Alumina Pty Ltd 1987-90
Billiton Aust. Gold Pty Ltd (Boddington) 1986-90
Austen & Butta Ltd 1986-90
Area Co-ordinator Central and South America Shell International 1982-86
Shell International Petroleum Co., London
Joined Shell Company of Australia Limited in 1963
Director :
Australian Mining Industry CI 1988-90, Australian Mining Indust.
Res Assn Ltd 1986-90
Lloyds Register of Shipping (Aust)1990-93
Alumina Development Council 1986-90
Personal :
Born: 2 January 1943.
Education: RMC Duntroon; BComm University of WA; MBA University of Melbourne.
Spouse: Christine
Children: 3 Sons 2 Daughters
Recreation: Sport, theatre, reading.
