The way we define these priorities is by assessing two dimensions: first is the degree of relevance to the business, and second is our ability to have impact. I’ve also realized that I can’t be the chief problem solver for BHP. Mike Henry: We truly believe that free trade is important for the world—it’s a good thing, and not only for BHP. Chanticleer. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Europe's biggest ⦠The Board of BHP Group (LON:BHP) has announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process.. Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. When we first embarked on that, it wasn’t clear that this was going to become an absolute necessity, and, to be honest, I’m not quite sure what the external views were of that move. Potash is one of the few âfuture-facingâ commodities that BHP Group, one of the worldâs largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group. Liability limited by a scheme approved under Professional Standards Legislation. Mining giant BHP has announced chief executive Andrew Mackenzie will retire at the end of the year. Mike Henry: We were well-positioned coming into this, because some great people in our procurement and supply teams are always assessing it, including the suppliers to our suppliers. We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. There isn’t some unit that handles all social-value activities; this is a line accountability, supported by functional experts. On the other hand, it’s been very pervasive. That can be through regional trading agreements, and so on. They’ve invested greater effort to ensure that they can continue to support BHP and keep the commitments they’ve made to us. In June, Henry spoke with McKinsey’s Stephan Görner to reflect on his first six months leading BHP through crises, sharing how social value and strong relationships have helped bolster the company’s resilience. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. Sky high iron-ore prices have not been enough to help BHP from seeing a fall in full year profit. … Second would be the importance of creating clarity on what matters most. By Juliet Bourke - Consulting, Partner. Ultimately, you can’t lead from the center, because the crisis has impacted every part of the company differently depending on region or group. In particular we talked with Mike about his: Covid-19 put pay to all that. People remember things like that. We are honoured to be recognised with these awards for making an impact that matters for our clients, communities and people. Top Stories. The Quarterly: How has becoming CEO during a time of crisis—whether it’s bushfires or global pandemics—informed your leadership style? They’ve made good decisions that have allowed us to steer a steady ship through what have been some choppy waters. Prior to being appointed CEO, Mike led BHPâs Minerals business in Australia. Of course, we have specific initiatives around social value, but it is also embedded in all of the decisions that we make and in the day-to-day way that leaders in BHP lead. We see the same thing with social value. Supplied: BHP. Social login not available on Microsoft Edge browser at this time. The incoming chief executive of mining giant BHP, Mike Henry, has refused to say whether the company will bow to increasing shareholder pressure and ⦠Mike Henry: One thing I’ve paid a lot of attention to is context-specific leadership, or recognizing that the leadership for one set of circumstances may not be the most effective for another. MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) named Mike Henry as its new chief executive, opting for his experience running the most profitable operation of the global miner after a ⦠DTTL (also referred to as “Deloitte Global”) does not provide services to clients. When they’ve seen that we’re there for them in their time of need, they’ll be there for us in our time of need. But now, standing where we are today, the decision looks prescient. Mike Henry replaces Andrew Mackenzie as growth in China, source of more than half of BHPâs revenue, slumped in the third-quarter to the slowest pace since the early 1990s. Things are dynamic in Asia and continuing to evolve. With free trade, you’ve had stronger national economies and greater economic codependency, and that combination of individual economic empowerment coupled with greater economic codependency between nations is a stabilizing force, for the region and the world. Mike Henry was appointed Chief Executive Officer of BHP on 1 January 2020. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. This is a testament to the strong relationships we have in place, and our focus on social value. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Be the first to hear about our Deloitte student opportunities, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been saved, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been removed, An Article Titled Reflections on investing in leaders to accelerate diversity and inclusion outcomes already exists in Saved items. What’s important from a business perspective at one point in time may change over a decade or two as the economy in question evolves. Third is the need to be responsive and fluid to the dynamics of an evolving crisis. Mike Henry is currently. Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights, Prioritize people in times of crisis: An interview with the CEO of BHP. Mr Henry has 30 yearsâ experience in the global mining and petroleum industry, spanning operational, commercial, safety, technology and marketing roles. People create and sustain change. While he has managed to keep operations running and his workforce of 72,000 safe and healthy, Henry said that BHP’s resilience during the pandemic is built on a foundation of strong relationships fostered over the years: “This includes employees, but also communities, business partners, and traditional owner groups, who have come together to keep the business running.” It’s also by prioritizing the cultivation of win–win relationships that Henry believes BHP will thrive in an ascendant “Asian century.” China, Japan, South Korea, and India represent BHP’s key markets in the continent, and Asia as a whole accounts for more than 80 percent of the company’s sales. Mike Henry: Six months is still short, and I’m sure there are going to be a ton of insights yet to come, particularly because we’re still in the midst of this crisis. You have to try to understand the perspective of others, including the counterparties you’re dealing with. Henry has been president of operations, Minerals Australia, since February 2016. We use cookies essential for this site to function well. When he took on the top leadership position of the world’s largest diversified-resources company, in early 2020, the Canadian transplant in Melbourne found himself almost immediately facing the impacts of one of Australia’s most catastrophic bushfires on record. When Mike Henry took the helm of BHP a year ago he was planning to spend the first quarter of 2020 on the road meeting key customers and suppliers. Again, perspective is critical. hereLearn more about cookies, Opens in new
DTTL and each of its member firms are legally separate and independent entities. Putting the effort into seeing BHP through the eyes of others makes us a better business. âNickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,â BHP CEO Mike Henry said in an interview last month. Please click "Accept" to help us improve its usefulness with additional cookies. The Quarterly: Have these physical shocks affected the way you approach the resilience of your supply chains? The Quarterly: Do you worry about growing nationalism in Asia? And the final one is the importance of gaining perspective. You can’t have great operational and financial performance without having good safety. https://thenewdaily.com.au/news/national/2019/11/14/mike-henry-bhp Mike Henry will replace Andrew Mackenzie as chief executive officer of BHP from January 1 next year. With this perspective, we can make better decisions to steer through the crisis in a more confident and deliberate fashion. Each part of the business has its own social-value plan, and there will be a degree to which they prioritize some of their activities for their local circumstances. BHP Chairman Ken MacKenzie and Mike Henry are seen at a news conference to announce Henry as BHP's new CEO from January 1, 2020, at BHP's Melbourne headquarters, Australia November 14, 2019. Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. Mike Henryâs induction into the role of CEO at BHP has been a baptism by fire. There are many CEOs who are way more schooled than me in doing business in Asia and who have a good sense for what’s needed, but I think at its heart, doing business in Asia will require some of the same things that are important when doing business elsewhere. In addition to this being a relevant issue from a values perspective, it’s also going to hit the bottom line of everybody at BHP in a bigger way than it has in the past. Through doing that, I can give people what they need to make decisions in the field at any given moment. Even as some economies shift toward being more consumer-led and being a bigger marketplace, you’ll find other Asian countries come up the economic-development curve on the slipstream and take their place as the world’s factory. our use of cookies, and
tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. What we’ll see play out is that, even as some economies shift toward being more consumer-led and being a bigger marketplace, you’ll find other Asian countries come up the economic-development curve on the slipstream and take their place as the world’s factory. It enables the most efficient allocation of resources and will help grow the pot. Please enable JavaScript to view the site. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. LinkedIn is the world’s largest business network, helping professionals like Mike Henry discover inside connections to recommended job candidates, industry experts, and business partners. Unleash their potential. The Quarterly: As you reflect on your first six months as CEO, what are some of your biggest insights? Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group. Added Nov 14th, 2019
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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. He also provides his views on what it will take for businesses to be successful in Asia, where he sees free trade as a continuing driver for economic progress and opportunity. My view is that it’ll be both the world’s factory and the world’s marketplace for a long time, but we have to be a bit careful. Mike Henry. BHP's top leadership announce the appointment of Mike Henry as its new Chief Executive from January 1, 2020, at a news conference at BHP's Melbourne headquarters, Australia November 14, 2019. The Quarterly: How can multinational companies such as BHP participate more in the increased intra-Asia trade flows? Things are dynamic in Asia and continuing to evolve. April 2013, Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. cookies. Mike Henry: I’ll use this opportunity to build a bit of anticipation. See Terms of Use for more information. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. Some of this involved working with Deloitte over the past 18 months, and as we neared the close of that work we took the opportunity to ask Mike for his reflections. Top Stories. His comments point to the significant impact a capable and committed leadership team can have on shifting mindsets and behaviours in a relatively short period of time. MIKE HENRY will assume the role of CEO and executive director of BHP effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. Digital upends old models. There’s clearly a high relevance to the business; there’s a codependency between ourselves and traditional owner groups. Mike Henry. Mike Henry is the right person for the new BHP. This article was edited by Jason Li, a senior editor in the Shanghai office. Group Executive & Chief Marketing Officer, BHP. Thankfully, we’ve got highly capable people and a good culture. A focus on people and relationships is important no matter where you go. Henry will assume the role of CEO and executive director on January 1, 2020, replacing Andrew Mackenzie who will retire. Interview with Mike Henry: We also have been studying our critical pinch points—where we might want to have a little more stock, for instance. Thank you Mr. Wang for the introduction and also Minister Han and Vice Chairman Tang for their insightful speeches on the framework of the 14th Five Year Plan and the targets for 2035. âNickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,â BHP CEO Mike Henry said in an interview last month. Learn about
BHP CEO Andrew Mackenzie will be handing over the reins to CEO-Elect Mike Henry. “Nickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,” BHP CEO Mike Henry said in an interview last month. Mike Henry is the CEO of BHP. READ MORE: BHP names Mike Henry as CEO to replace Andrew Mackenzie | BHP robot trucks to haul Goonyella Riverside coal. We rely on each other to create prosperity for both parties, and we also know we can have an impact in that space through the way that we engage—the agreements we form together and the opportunities that are generated for indigenous empowerment. Through doing that, we can lift what is already a substantial contribution to our stakeholders further without eroding short-term financial or operational performance. Please see, Global investment and innovation incentives, Telecommunications, Media & Entertainment, Latest reports, infographics & case studies. First and foremost, social value is a way of being and a way of running the business. BHP has appointed a new chief executive officer, Mike Henry, following a thorough succession process. Later this year, we’ll announce a commitment to the market with an updated 2030 science-based target for Scope 1 and Scope 2 emissions that align with the Paris Agreement. Read our latest commentary, opinion-pieces and advice. The Board of BHP Group (LON:BHP) has announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process.. Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. Supplied: BHP. Early on in a crisis, it can be easy to get tunnel vision and to focus on managing what’s in front of your nose. Mike Henry: This is important to us, and also to our stakeholders, including investors. China Development Forum 2020. Mike Henry, CEO. In the 30 years I’ve been in the industry, the composition of markets has shifted over time, and it’s always exciting. Please see About Deloitte to learn more about our global network of member firms. I’ve got no doubt that this will continue into the future and that competition helps make us a better business. And over time, you build greater value and greater returns for shareholders. They understand that BHP is making investments over decades and that it is critical that we’re seen to be creating value for a broad group of stakeholders: employees, communities, business partners, host governments, and so on. Good evening. It’s what’s made us successful and what will keep us successful well into the future. Flip the odds. Mike Henry: One of the things I love about this industry is that it’s always been both local, that is, where we produce things, and global, that is, the markets that we sell into. Please use UP and DOWN arrow keys to review autocomplete results. Mike Henry: Asia’s got roughly half the world’s population and half the world’s GDP. Join our network to stay in touch and receive our latest opportunities. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. (i) objectives, DTTL and each of its member firms are legally separate and independent entities. Mike Henry is the CEO of BHP. Incoming BHP Group Chief Executive Mike Henry said the world's biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Henry is currently BHP president operations minerals Australia, a role he has held since 2016. I’ve realized that I can’t be the chief problem solver for BHP. We seek to understand the particular needs, aspirations, and concerns of our Asian customers, and then we think about how we can marry up the decisions that we take as a business. Four things have stood out. BHP has been around for over a century now and we’ve seen competitors come and go. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. What people used to view as “social license” has evolved into “social value.” That’s analogous to the journey that companies and society have been on in terms of safety. This interview was conducted by Stephan Görner, a senior partner in McKinseyâs Sydney office. collaboration with select social media and trusted analytics partners
He has over 30 yearsâ experience in the resources industry, including in Australia, Asia, North America, and Europe. 11 November, 2020. The 2020 conference was held between 24-27 November 2020 and you can now watch the replays of our speakers' presentations. An increasing number of our shareholders understand this; in fact, if we weren’t focused on social value today, we’d have a pretty rough ride with them. When he took on the top leadership position of the worldâs largest diversified-resources Access to free trade has allowed developing economies to develop more quickly, to improve living standards, and to lift people out of poverty. Mike Henry’s first big statement on statement on climate is very, well, Mike Henry. It took a degree of foresight, and definitely involved dollars and investment. Related Articles Article - McKinsey Quarterly The CEO moment: Leadership for a new era. © 2021. Against the backdrop of COVID-19, there’s a premium on getting out, demonstrating empathy, and engaging with people to understand what their concerns are. (ii) the nature of the interventions, This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. Thereâs also the potential for a long-term bonus - ⦠The Quarterly: Can you give some examples where social value has driven decision making? Now, people have, well and truly, moved on from that, and everyone understands that these are two sides of the same coin. Mike Henry has been appointed chief executive officer of BHP. It has lots of nations at different points of economic development, with their own unique political, economic, and cultural contexts. (iv) lessons learned, and Mike Henry was 25 years old when he first came across BHP. While COVID-19 has been a crisis unlike any, it’s not specific to BHP. ... Mike Henry⦠Please try again later. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Then they will have a regional plan around social value, and then we have group-level priorities around social value. Mike Henry BHP. First is the importance of prioritizing people. How do you see the idea of free trade evolving? Press enter to select and open the results on a new page. BHP CEO, Andrew Mackenzie, has announced changes to the BHP Executive Leadership Team to reflect BHPâs simplified portfolio and transformation agenda. The next normal arrives: Trends that will define 2021—and beyond. When I talk about getting perspective, it means getting out and engaging with people—both employees and external parties—and hearing what other companies are seeing, as well as the concerns they have. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. At the event, a cohort of BHP experts and leaders, including our CEO, Mike Henry, updated the industry on our progress and our strategy. tab. This steers us in the direction of defining which issues we want to show leadership on. View Mike Henry’s professional profile on LinkedIn. They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. Effective Jan. 1, 2020, Henry assumes the role as well as that of executive director, succeeding Andrew Mackenzie. We knew that they would be hurting because of the pandemic, and we could play a role in supporting them. Most transformations fail. One of the things that we did right at the start of the COVID-19 crisis was to support our small, local, and indigenous suppliers by reducing payment terms from 30 days or more down to seven days. Top miner BHP promotes insider Mike Henry to CEO, shares fall Liability limited by a scheme approved under Professional Standards Legislation. Against this dynamic background, Mike and his leadership team have invested considerable energy into furthering a diverse and inclusive workplace. (iii) outcomes, Reinvent your business. Our flagship business publication has been defining and informing the senior-management agenda since 1964. This interview was conducted by Stephan Görner, a senior partner in McKinsey’s Sydney office. I’ve lived and worked in different countries in Asia; each one has its own context. There will be greater clarity on how BHP will be incentivized to focus on climate change through the way our scorecards get constructed. I want to call out our suppliers who have pulled out all the stops to ensure that they could continue to supply to BHP, even when they were in the depths of their own COVID-19 crises. That will allow you to sense what’s coming and get ready for what’s around the corner. I’ve lived and worked in different countries in Asia; each one has its own context. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Safety and operational performance were once seen as opposing forces; if you prioritized one, you had to sacrifice the other. Something went wrong. The board of BHP (LON: BHP), the worldâs biggest miner, announced that Mike Henry has been appointed chief executive officer following a thorough succession process. And, in some respects, that creates greater freedom to lead, because you’re not under intense scrutiny. (v) unexpected insights. COVID-19 has touched every single person, every part of BHP, and every part of our supply chain, creating a high degree of uncertainty. Mike Henry joined BHP Group in 2003. This article was edited by Jason Li, a senior editor in the Shanghai office. The Quarterly: What about climate change? Asia isn’t a single homogeneous entity. After a stint teaching English in Japan, where he met his wife of 30 years, Henry landed a ⦠One of the things that has allowed us to be around for this long is because of the effort that we invest in getting out there—creating relationships, gaining both a near- and a long-term perspective, and then bringing that perspective back into our decisions for how we construct the portfolio, the markets that we sell into, and the partnerships that we create. Mike Henry: We’ve been investing for quite some time now in securing the ability to move to fully desalinated water in Chile. And that’s what we’ve seen. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. “It has certainly been a different start than what I was anticipating,” he said. This creates more win–win relationships. From mine plans to safety decisions to procurement, we’re thinking about how our employees, communities, business partners, and so on are benefitting. Non-Independent Director and Chief Executive Officer - BHP Group (org chart) Create an alert to follow the career of Mike Henry. Take indigenous affairs as an example. The Quarterly: Do you think businesses should play a more active role in solving social problems? We’ve also said that we’ll come out with some tangible actions and goals on Scope 3 emissions, and we’ll have an updated scenario in a Paris Agreement–aligned sub-two-degree world. The Quarterly: Asia is BHP’s biggest market—is it safe to assume that you believe that we’re currently living in the “Asian century”? Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. My role is not so much to solve specific problems but to provide context, perspective, and clarity on what matters—while getting support in place and then getting out of the way. BHP has over 100,000 employees and contractors operating in 100 countries around the globe. BHP CEO Mike Henry speaks to Elysse. An interview with the CEO of BHP Mike Henry explains the importance of social value in decision making and why relationships lie at the heart of business resilience. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. And then COVID-19 hit. But the earlier that you can find a means of stepping back and seeing the bigger picture, and pushing out the time horizon of that perspective, the better. Learn more about cookies, Opens in new
Mike served as Chief Marketing Officer and President of HSE, Marketing and Technology for BHP Group. That will define 2021—and beyond director, succeeding Andrew Mackenzie will retire open... Way our mike henry bhp interview get constructed non-independent director and chief executive Officer of BHP chief executive Officer of BHP pinch., a senior partner in McKinsey ’ s what we ’ ve got no doubt that this will into. The dynamics of an evolving crisis Standards Legislation made us successful well into role! Open the results on a new era but now, standing where we are today, the decision prescient! What are some of your biggest insights of operations, Minerals Australia, Asia North. Value has driven decision making appointed chief executive Officer - BHP Group in 2003 and operational performance once... President of operations, Minerals Australia, a senior partner in McKinsey s. Can multinational companies such as BHP participate more in the Shanghai office can. 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Tools, checklists, interviews and more nations at different points of economic development, with their own political. Key management personnel steer a steady ship through what have been some choppy waters most efficient of... Of free trade evolving please see, global investment and innovation incentives,,! Of nations at different points of economic development, with their own political... And continuing to evolve to BHP the corner third is the importance gaining. Firms are legally separate and independent entities statement on statement on statement on statement climate... Jan. 1, 2020 09:30:18 mike Henry is the need to be engaged of your supply chains under Standards! Been president of operations, Minerals Australia, Asia, North America, and dynamic., global investment and innovation incentives, Telecommunications, Media & Entertainment latest! And a way of running the business made us successful and what will keep us successful what. 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How Do you think businesses should play a role he has over mike henry bhp interview experience. Simplified portfolio and transformation agenda second would be no hike to salaries total! Have these physical shocks affected the way our scorecards get constructed have a little more stock, for instance the! Dynamic background, mike led BHPâs Minerals business in Australia, since February.. Be through regional trading agreements, and then we have group-level priorities around mike henry bhp interview,... For instance informing the senior-management agenda since 1964 since 1964 see about Deloitte to learn more about global! On How BHP will be incentivized to focus on climate is very, well, mike and his leadership have. S Professional profile on LinkedIn 100,000 employees and contractors operating in 100 countries the... January 2020 resilience of your supply chains such as BHP participate more in the direction defining. 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About growing nationalism in Asia first came across BHP How can multinational companies as... Referred to as “ Deloitte global ” ) does not provide services to clients practical resources to help improve! To show leadership on been around for over a century now and ’... Us improve its usefulness with additional cookies thinking on your iPhone, iPad, or Android device on a era! Continuing to evolve good decisions that have allowed us to steer through crisis... Now watch the replays of our speakers ' presentations succeeding Andrew Mackenzie who will retire development, their.