BHP Billiton says chief executive Marius Klopper to retire in May

SYDNEY – BBHP Billiton has announced Wednesday that Marius Klopper will retire as chief executive and director of the world’s biggest miner in May after six years at the helm.

Klopper will be replaced on May 10 by the company’s chief executive of its non-ferrous metals division Andrew Mackenzie, 56.

The announcement came as the Anglo-Australian company posted a 58 per cent fall in first half profit to $4.24 billion ($A4.14 billion) due to lower commodity prices and a weak U.S. dollar.

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