BHP Names New CEO to Replace Mike Henry

Good morning from a wet and gloomy Sydney. BHP has named company veteran Brandon Craig as CEO to replace Mike Henry. As expected, Australia’s central bank hiked interest rates for the second straight meeting, stepping up its fight against sticky inflation. More developments in the expanding war in the Middle East with President Donald Trump abandoning efforts to recruit partners for the conflict, while Asia’s oil refiners are ramping up crude purchases from outside the Middle East as the vital Strait of Hormuz remains virtually shut. - Sharon Klyne, private credit reporter.

BHP Group appointed Brandon Craig as chief executive officer from July 1, replacing Mike Henry as the world’s biggest miner seeks to embark on a new leg of growth in copper and potash, while managing a slowdown in iron ore. Craig led BHP’s largest division, iron ore, through the pandemic before taking on the role of president of the company’s Americas operations in 2024. Meanwhile Woodside Energy Group named Liz Westcott as chief executive officer to replace former head Meg O’Neill, who departed unexpectedly in December for the top job at BP Plc.