NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BHP Billiton chairman says will not stand for re-election

Published 20/10/2016, 12:26
© Reuters. BHP Chairman Jac Nasser sits before the company's Australian annual general meeting in Sydney
BHP
-
BHPB
-

LONDON (Reuters) - BHP Billiton (AX:BHP) (L:BLT) Chairman Jac Nasser will not seek re-election at next year's annual general meeting (AGM), he announced on Thursday.

Nasser said that he had intended to announce his retirement last year but agreed to stay on at the mining company to provide stability as BHP Billiton responded to the Samarco dam disaster in Brazil.

© Reuters. BHP Chairman Jac Nasser sits before the company's Australian annual general meeting in Sydney

Now that the "basic structure of the Samarco response is in place" he will not seek re-election, Nasser said in a speech at this year's AGM in London on Thursday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.