Marius Kloppers resigns from BHP Billiton after profit slump

The BHP Billiton arch executive Marius Kloppers is resigning after a world’s biggest miner on Wednesday posted a 58% tumble in half-year profit.

Kloppers, who has run a Anglo-Australian association for 6 years, will be transposed on 10 May by a arch executive of a non-ferrous metals division, Andrew Mackenzie, 56.

The proclamation came as a Anglo-Australian association reported a distinction before one-off equipment tumbled to $5.68bn for July-December 2012 from $10bn a year progressing and took $3bn in writedowns on a aluminium and nickel businesses.

Mackenzie, whom Kloppers wooed from opposition Rio Tinto in 2008, will take a reins during a time when a association is battling to strengthen margins by slicing costs amid weaker commodity prices.

BHP’s shares rose scarcely 1% percent to a 17-month

Read full article: http://www.independent.co.uk/news/world/africa/oscar-pistorius-tells-court-he-shot-his-girlfriend-by-mistake-8500495.html

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Source:
http://www.news.ezonearticle.com/2013/02/19/marius-kloppers-resigns-from-bhp-billiton-after-profit-slump/