From the AFR this morning the biggest job in Australian business has changed hands:
BHP Billiton has appointed non-ferrous division head Andrew Mackenzie as its new chief executive, replacing Marius Kloppers as of May 10.
The move comes after BHP reported the lowest interim underlying profits since 2005, but is unrelated to the fall in earnings.
BHP reported a 43 per cent fall in interim underlying earnings to $US5.683 billion, in line with expectations and left its dividend steady at US57¢ share, in line with its final dividend, only the second time it has not been raised since the global financial crisis.
More to come on this today.
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