MELBOURNE (Reuters) – A minimum of three institutional traders in Australia are pushing for world miner BHP Group (AX:) (L:) to contemplate exterior candidates to exchange Andrew Mackenzie as new CEO, sources with direct information of the matter stated.
The transfer highlights nascent investor stress on the world’s greatest miner to contemplate drastic adjustments in administration to sort out challenges like chopping prices, an eventual return to decrease iron ore costs, and rebuilding its fame after a Brazil dam catastrophe.
“We’re fairly firmly of the view that it must be an exterior candidate … We simply do not see anyone internally that might make a fabric enchancment to the established order,” one of many three institutional investor sources stated.
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