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BHP Billiton replaces directors Brinded and King

BHP Billiton replaces directors Brinded and King

The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec.

Live ReportingBy Bill Wilson 23 August 2017 7.29

A shake-up at the board of mining company BHP Billiton has been announced this morning.

Firstly, the highly experienced Terry Bowen and John Mogford have been appointed to the BHP Board as independent non-executive directors.

But it is the departures that are more interesting.

The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec.

And “owing to concerns expressed by some investors”, fellow non-exec Grant King has decided that he will not stand for election at the 2017 annual general meeting.

The board shake-up comes a day after the firm said it would sell its US shale assets after pressure from shareholders to offload the underperforming business.

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