Date 16 June 2000
Number 59/00
BHP ANNOUNCES PETROLEUM PORTFOLIO LEADERSHIP TEAM
The Broken Hill Proprietary Company Limited (BHP) today announced details of
the Portfolio Leadership Team (PLT) for BHP Petroleum. The BHP Petroleum PLT
is a further step in establishing a BHP portfolio management structure, and
follows on from the Company's announcement of the BHP Minerals PLT in April.
The new model includes a six member PLT which replaces the existing eight
person Petroleum Executive Committee.
The BHP Petroleum PLT will be responsible for managing the portfolio and
governing the organisation with a clear and consistent strategic focus.
Unlike the existing Petroleum Executive Committee, the PLT is based upon
key stages of the value creation and value delivery stages of the business.
Four members of the BHP Petroleum PLT have been appointed, with the remaining
two positions to be filled in due course:
President BHP Petroleum: Philip Aiken
President Integrated Business Development: Mike Weill
President Deepwater, Discovery & Appraisal : TBA
President Project Development & Operations: Keith Hunter
Vice President Finance & Strategic Planning: TBA
BHP Chief Financial Officer Chip Goodyear will also be a member of the BHP
Petroleum PLT. The involvement of Policy Committee members of business unit
PLTs will be rotated every year.
BHP Petroleum President Philip Aiken said "I am confident that with the new
leadership team in place, BHP Petroleum will have the people and structures
in place to secure the business' future as a significant niche player in the
upstream petroleum industry".
Philip Aiken thanked the existing Petroleum Executive Committee members who
will not be transitioning to the new PLT, for their significant contribution
to the organisation.
Roger Zimmerman, Vice President Finance, is retiring on 31 July and Howard
Paver, President Exploration and Alliance Development, will be leaving the
Company to pursue other opportunities. Eriks Velins, Vice President Planning
and Coordination, and Norman Davidson-Kelly, Adviser to Exco, will be
continuing with BHP Petroleum as Consultants to the PLT. Keith Shull, Vice
President Human Resources, will continue as Human Resources adviser to the
BHP Petroleum PLT.
Contact:
MEDIA RELATIONS INVESTOR RELATIONS
Dr Malcolm Garratt Dr Robert Porter
Group Manager External Affairs Vice President Investor Relations
Phone: 61 3 9652 6872 Phone: 61 3 9609 3540
Mobile: 0419 582 255 Mobile: 0419 587 456
Candy Ramsey
BHP Investor Relations Houston
Tel: (713) 961-8640
EMail: [email protected]
