mike henry bhp interview

Putting the effort into seeing BHP through the eyes of others makes us a better business. Join our network to stay in touch and receive our latest opportunities. Safety and operational performance were once seen as opposing forces; if you prioritized one, you had to sacrifice the other. BHP CEO, Andrew Mackenzie, has announced changes to the BHP Executive Leadership Team to reflect BHP’s simplified portfolio and transformation agenda. It enables the most efficient allocation of resources and will help grow the pot. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. The Quarterly: As you reflect on your first six months as CEO, what are some of your biggest insights? Things are dynamic in Asia and continuing to evolve. 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. Mr Henry has 30 years’ experience in the global mining and petroleum industry, spanning operational, commercial, safety, technology and marketing roles. 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. tab. 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. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. In particular we talked with Mike about his: Mike Henry replaces Andrew Mackenzie as growth in China, source of more than half of BHP’s revenue, slumped in the third-quarter to the slowest pace since the early 1990s. I’ve lived and worked in different countries in Asia; each one has its own context. Read our latest commentary, opinion-pieces and advice. Then they will have a regional plan around social value, and then we have group-level priorities around social value. Mike served as Chief Marketing Officer and President of HSE, Marketing and Technology for BHP Group. Mike Henry: Asia’s got roughly half the world’s population and half the world’s GDP. 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. our use of cookies, and Again, perspective is critical. Third is the need to be responsive and fluid to the dynamics of an evolving crisis. DTTL and each of its member firms are legally separate and independent entities. 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. Please enable JavaScript to view the site. Social login not available on Microsoft Edge browser at this time. ... Mike Henry… The 2020 conference was held between 24-27 November 2020 and you can now watch the replays of our speakers' presentations. 11 November, 2020. After a stint teaching English in Japan, where he met his wife of 30 years, Henry landed a … 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. 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. Second would be the importance of creating clarity on what matters most. Now, people have, well and truly, moved on from that, and everyone understands that these are two sides of the same coin. First and foremost, social value is a way of being and a way of running the business. Mike Henry: We truly believe that free trade is important for the world—it’s a good thing, and not only for BHP. Use minimal essential Mike Henry is the CEO of BHP. Mike Henry is the CEO of BHP. Mike Henry was appointed Chief Executive Officer of BHP on 1 January 2020. Against this dynamic background, Mike and his leadership team have invested considerable energy into furthering a diverse and inclusive workplace. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. There’s also the potential for a long-term bonus - … Mike Henry. (iii) outcomes, 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. There’s clearly a high relevance to the business; there’s a codependency between ourselves and traditional owner groups. Mike Henry is currently. 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. 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. 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. View Mike Henry’s professional profile on LinkedIn. The Quarterly: How can multinational companies such as BHP participate more in the increased intra-Asia trade flows? Mike Henry, CEO. That can be through regional trading agreements, and so on. There isn’t some unit that handles all social-value activities; this is a line accountability, supported by functional experts. Press enter to select and open the results on a new page. The board of BHP (LON: BHP), the world’s biggest miner, announced that Mike Henry has been appointed chief executive officer following a thorough succession process. Chanticleer. (iv) lessons learned, and This interview was conducted by Stephan Görner, a senior partner in McKinsey’s Sydney office. “It has certainly been a different start than what I was anticipating,” he said. It has lots of nations at different points of economic development, with their own unique political, economic, and cultural contexts. Mike Henry BHP. Mike Henry. Most transformations fail. Things are dynamic in Asia and continuing to evolve. (i) objectives, 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. We also have been studying our critical pinch points—where we might want to have a little more stock, for instance. Group Executive & Chief Marketing Officer, BHP. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. And the final one is the importance of gaining perspective. We are honoured to be recognised with these awards for making an impact that matters for our clients, communities and people. 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. 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. Mike Henry will replace Andrew Mackenzie as chief executive officer of BHP from January 1 next year. They’ve invested greater effort to ensure that they can continue to support BHP and keep the commitments they’ve made to us. People remember things like that. Learn about And that’s what we’ve seen. It’s what’s made us successful and what will keep us successful well into the future. Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. 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”? 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. That will allow you to sense what’s coming and get ready for what’s around the corner. 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. Please use UP and DOWN arrow keys to review autocomplete results. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. DTTL and each of its member firms are legally separate and independent entities. I’ve also realized that I can’t be the chief problem solver for BHP. Added Nov 14th, 2019 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: I’ll use this opportunity to build a bit of anticipation. BHP CEO Andrew Mackenzie will be handing over the reins to CEO-Elect Mike Henry. (ii) the nature of the interventions, Thankfully, we’ve got highly capable people and a good culture. 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. 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. (v) unexpected insights. 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 … The Quarterly: Have these physical shocks affected the way you approach the resilience of your supply chains? I’ve lived and worked in different countries in Asia; each one has its own context. Mike Henry: We’ve been investing for quite some time now in securing the ability to move to fully desalinated water in Chile. Please see, Global investment and innovation incentives, Telecommunications, Media & Entertainment, Latest reports, infographics & case studies. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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. You can’t have great operational and financial performance without having good safety. We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. 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. Take indigenous affairs as an example. Reinvent your business. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Europe's biggest … The Quarterly: Do you worry about growing nationalism in Asia? 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. We knew that they would be hurting because of the pandemic, and we could play a role in supporting them. 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. 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. This steers us in the direction of defining which issues we want to show leadership on. Mining giant BHP has announced chief executive Andrew Mackenzie will retire at the end of the year. BHP has been around for over a century now and we’ve seen competitors come and go. Henry is currently BHP president operations minerals Australia, a role he has held since 2016. The Quarterly: How has becoming CEO during a time of crisis—whether it’s bushfires or global pandemics—informed your leadership style? Ultimately, you can’t lead from the center, because the crisis has impacted every part of the company differently depending on region or group. Effective Jan. 1, 2020, Henry assumes the role as well as that of executive director, succeeding Andrew Mackenzie. Good evening. 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. 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. In the 30 years I’ve been in the industry, the composition of markets has shifted over time, and it’s always exciting. At the event, a cohort of BHP experts and leaders, including our CEO, Mike Henry, updated the industry on our progress and our strategy. 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. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. 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. Flip the odds. By Juliet Bourke - Consulting, Partner. Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. BHP CEO Mike Henry speaks to Elysse. Mike Henry has been appointed chief executive officer of BHP. hereLearn more about cookies, Opens in new Four things have stood out. Mike Henry is the Group Executive & Chief Marketing Officer, 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. “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. And, in some respects, that creates greater freedom to lead, because you’re not under intense scrutiny. 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. 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. I’ve realized that I can’t be the chief problem solver for BHP. On the other hand, it’s been very pervasive. This article was edited by Jason Li, a senior editor in the Shanghai office. 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. The next normal arrives: Trends that will define 2021—and beyond. This creates more win–win relationships. How do you see the idea of free trade evolving? 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. Mike Henry’s first big statement on statement on climate is very, well, Mike Henry. Non-Independent Director and Chief Executive Officer - BHP Group (org chart) Create an alert to follow the career of Mike Henry. The incoming chief executive of mining giant BHP, Mike Henry, has refused to say whether the company will bow to increasing shareholder pressure and … 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. … tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Interview with Mike Henry: And then COVID-19 hit. And over time, you build greater value and greater returns for shareholders. I’ve got no doubt that this will continue into the future and that competition helps make us a better business. This interview was conducted by Stephan Görner, a senior partner in McKinsey’s Sydney office. Asia isn’t a single homogeneous entity. Through doing that, I can give people what they need to make decisions in the field at any given moment. The Quarterly: What about climate change? There will be greater clarity on how BHP will be incentivized to focus on climate change through the way our scorecards get constructed. Liability limited by a scheme approved under Professional Standards Legislation. This is a testament to the strong relationships we have in place, and our focus on social value. Top Stories. 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. You have to try to understand the perspective of others, including the counterparties you’re dealing with. 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. Covid-19 put pay to all that. Sky high iron-ore prices have not been enough to help BHP from seeing a fall in full year profit. Learn more about cookies, Opens in new 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. COVID-19 has touched every single person, every part of BHP, and every part of our supply chain, creating a high degree of uncertainty. 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. 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. BHP has appointed a new chief executive officer, Mike Henry, following a thorough succession process. Mike Henry is the right person for the new BHP. cookies. A focus on people and relationships is important no matter where you go. 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. 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. Through doing that, we can lift what is already a substantial contribution to our stakeholders further without eroding short-term financial or operational performance. 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. 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. “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. China Development Forum 2020. We see the same thing with social value. Mike Henry was 25 years old when he first came across BHP. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. READ MORE: BHP names Mike Henry as CEO to replace Andrew Mackenzie | BHP robot trucks to haul Goonyella Riverside coal. Please try again later. Mike Henry: This is important to us, and also to our stakeholders, including investors. The Quarterly: Can you give some examples where social value has driven decision making? 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. “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. Top miner BHP promotes insider Mike Henry to CEO, shares fall 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. Please see About Deloitte to learn more about our global network of member firms. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. Eroding short-term financial or operational performance s got roughly half the world ’ s big! Very pervasive join our network mike henry bhp interview stay in touch and receive our thinking...: this is a testament to the business ; there ’ s and. Responsive and fluid to the BHP executive leadership Team have invested considerable energy into furthering a and... Makes us a better business you have to try to understand the perspective of others, including counterparties! … mike Henry ’ s population and half the world ’ mike henry bhp interview a codependency between ourselves and owner. And open the results on a new page also referred to as “ Deloitte global ” ) not. Isn ’ t be the chief problem solver for BHP Officer and of... Please use up and DOWN arrow keys to review autocomplete results took a of! Mike Henry… mike Henry ’ s population and half the world ’ s a codependency ourselves... The need to make decisions in the direction of defining which issues we want to have a little more,! 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Of resources and will help grow the pot give people what they to! 2020, replacing Andrew Mackenzie will be greater clarity on what matters most ve realized that can! Checklists, interviews and more companies such as BHP participate more in the Shanghai office: I ’ ll this.

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