BHP defends CEO salary. U.S. Oil Product Demand Is Set For A Biden Boost In 2021, has frozen the salaries of its key executives, replaced former boss Andrew Mackenzie in January, Natural Gas Industry Sees Support From U.S. Susan Kilsby, chair of BHP’s remuneration committee said the figure represented “an appropriate alignment between pay and performance during the year.” She added it was also fair “in terms of the global context in which decisions have been made.”. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. Salaries at BHP Billiton range from an average of AU$76,849 to AU$176,806 a year. Salary of BHP CEO cut in half after Brazil mine disaster. ... Jacques Nasser, to $960,000 from $1.1m and the basic salary for non-executive directors by $10,000 to $160,000. Mackenzie received his salary reduction despite BHP returning a record dividend to shareholders. 17/09/2019 3:16am Dow Jones News. BHP (ASX:BHP) Historical Stock Chart. So what happens to the CEO's salary when a company delivers an $8 billion loss? BHP's new CEO Mike Henry vows to accelerate productivity push By Nick Toscano and Colin Kruger Updated November 14, 2019 — 12.18pm first published at 8.46am In its remuneration policy section of its annual report, the world’s largest miner said that Henry, who replaced former boss Andrew Mackenzie in January, received most of his salary through short- and long-term incentives. That’s below the compensation, last year. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia. Salary of BHP CEO cut in half after Brazil mine disaster. BHP Seeks Changes to CEO Pay Structure -- Update. Learn how energy insiders think. September 20, 2016, 7:01 PM. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline, MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. It also reflects BHP’s ongoing operational problems which affected output at the company’s Western Australian iron ore division, and a plant outage at the Olympic Dam in South Australia. Hydrogen: The Beginning Of A New Era In Energy, EV Battery Prices Plunge 89% In Ten Years. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. He was also Executive Director and Chairman of the Group Management Committee from 2007 to 2013. The Melbourne-based company reported last month a 4% drop in annual profit that missed analysts’ estimates. He has been with BHP since 2003 and has held leadership … Underlying profit attributable from continuing operations for the year ended June 30 fell to $9.06 billion, below estimates of $9.42 billion, according to Refinitiv IBES data. In addition to longer-term remuneration, Henry is expected to hold BHP shares worth up to five times his base salary, another good sign for investors. ... Newcrest, Greatland deliver on Havieron's accelerated timeline - Australian Mining, Share on FacebookShare on TwitterShare on Linked InShare by Email. Mackenzie, whose base salary of $US1.7 million ($2.48 million) hasn’t changed since his appointment in 2013, has seen a significant reduction to his bonus. This forms part of BHP’s commitment to its five-year target to maintain operational greenhouse gas emissions at or below the 2017 levels. The pay rise comes on the back of an increase in BHP's fiscal 2010 results. Henry is replacing Andrew Mackenzie, who will retire Dec. 31. 1,061 BHP reviews. The additional $4 million-plus was a result of the CEO’s contribution to BHP’s long-term sustainability and shareholder wealth creation, the company said. a In 2020, we produced and delivered half a million cars. The average BHP salary ranges from approximately $65,000 per year for Administration Officer to $150,000 per year for Labourer. His total remuneration for the 2019 financial year was $US3.5 million compared with $US4.7 million in the prior year. Salaries posted anonymously by BHP employees. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. (This is based on the year to 2018). He has over 30 years’ experience in the resources industry, including in Australia, Asia, North America, and Europe. Visit PayScale to research BHP Billiton salaries, bonuses, reviews, benefits, and more! GENERAL NORMAN SCHWARZKOPF: The Third Tour, Parler’s New Partner Has Ties to the Russian Government, Thanks to food countersanctiona after 2014 Russia become net exporter of food. Navalny Poisoning Weakens Russo German Relations. (This is based on the year to 2018). Learn how to navigate energy markets. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. Canadian-born Henry received a $1.87 million salary for the year — a $1.7 million base and a 10% pension contribution. BP Plans 20 GW In Renewable Capacity By 2025, Germany Offered U.S. $1.2B To Save Nord Stream 2, Syria: Oil Tankers From Iran To Syria Intercepted, Oil Prices Continue Climb On Large Crude Draw, GM Presents Cadillac Flying Car For Rich People, Possible Mine Found On Oil Tanker Off Iraq, Why No One Can Solve Texas’ Flaring Crisis. Read full article. MELBOURNE (Reuters) - Global miner BHP Group (AX: BHP) said in its annual report on Tuesday that it froze salaries of key leadership personnel for the coming financial year, while Chief Executive Mike Henry received $6.1 million (4.75 million pounds) in the first six months on the job. Voters. Salaries posted anonymously by BHP employees in Trinidad and Tobago. ... BHP said Mr. Mackenzie's base salary will remain unchanged in fiscal 2020, at US$1.7 million. His pay works out at more than $30,000 a day, five days a week. For the 2015 financial year, Mackenzie’s long term incentive has a face value of US$6.8 million, about four times his base BHP Salaries trends. ... Pilbara Minerals strengthens Pilgangoora lithium foothold - Australian Mining. Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. Marius Jacques Kloppers (born 26 August 1962) is a South African-born Australian businessman and former CEO of BHP Billiton, the world's largest mining company. A free inside look at BHP salary trends based on 766 salaries wages for 433 jobs at BHP. The site is a one-stop-shop for mining industry…. September 20, 2016, 6:51 PM. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture in Western Australia. 7 salaries for 6 jobs at BHP in Trinidad and Tobago. The average BHP salary ranges from approximately $65,000 per year for Administration Officer to … Can Renewables Become As Profitable As Oil And Gas? A high proportion of actual remuneration received will be directly dependent on performance, with 75 per cent of total target remuneration represented by incentive plans, and only 25 per cent in fixed pay.”. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. BHP noted that Henry’s total target remuneration remained unchanged at $7.5 million, 12% lower than that of Mackenzie. Marius Jacques Kloppers (born 26 August 1962) is a South African-born Australian businessman and former CEO of BHP Billiton, the world's largest mining company. Average BHP hourly pay ranges from approximately $24.00 per hour for Executive Assistant to $27.00 per hour for Labourer. The former CEO took home $2.4 million for the first half of the 2020 financial year and another $5.3 million as his 2015 long-term incentive. The average salary for BHP Billiton employees in Australia is AU$118,383 per year. Sep. 17, ... and, after review in 2019, the Committee has again determined his salary … At the time of writing, our data says that BHP Group has a market cap of AU$187b, and reported total annual CEO compensation of US$7.9m for the year to June 2019. Average BHP hourly pay ranges from approximately $24.00 per hour for Executive Assistant to $27.00 per hour for Labourer. BHP Billiton Ltd’s CEO Marius Kloppers full year salary has risen 9 per cent to US$11.3 million.. BHP Cuts CEO Andrew Mackenzie's 2019 Total Compensation . Andrew Mackenzie's annual salary was cut in half following the Samarco dam disaster in Brazil, the global miner said. 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, ... BHP said Henry will earn a base salary of $1.7 million a year. BHP Billiton Chief Executive Andrew Mackenzie's annual salary was cut in half following the Samarco dam disaster in Brazil that claimed 19 lives and caused widespread environmental damage, the global miner said. Salary of BHP CEO cut in half after Brazil mine disaster. BHP said at the time the risk of new virus outbreaks around the world threatened to undermine growth and it was already weighing on the demand outlook for 2021. Wind, Solar & Gas in California. His long-term incentive plan includes a maximum $3.4 million pay-out, while short-term bonuses include two tranches of shares over two and five years, worth up to $2.55 million, rather than an annual bonus. Mining giant BHP (ASX, LON, NYSE: BHP) has frozen the salaries of its key executives for the coming financial year, while paying chief executive Mike Henry $6.1 million for the first six months on the job. Global miner BHP Group said in its annual report on Tuesday that it froze salaries of key leadership personnel for the coming financial year, while Chief Executive Mike Henry received $6.1 million (4.75 million pounds) in the first six months on the job. We think total compensation is more important but we note that the CEO salary … BHP BHP Group Limited BHP Seeks Changes to CEO Pay ... BHP would cut Mr. Mackenzie's long-term incentive plan in relation to his base salary … We think total compensation is more important but we note that the CEO salary is lower, at US$1.7m. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. Going forward Ms Hewson said the committee was recommending tweaks to the formula it uses to allocate CEO bonuses to reduce “all or nothing” outcomes under the long-term incentive plan. So what happens to the CEO's salary when a company delivers an $8 billion loss? A free inside look at company reviews and salaries posted anonymously by employees. Those measures are also expected to affect executive salaries. There will also be no change to annual fees for Chairman Ken MacKenzie or nonexecutive directors. We will not share your email address.You can unsubscribe at any time. He was asked to retire as CEO on 1 October 2013, and was … September 20, 2016, 7:01 PM. Canadian-born Henry received a $1.87 million salary for the year —  a $1.7 million base and a 10% pension contribution. Mr Henry will receive a base salary of $US1.7 million ($2.5 million), with a potential short-term cash and stock bonus of up to 80 per cent of that and a long-term incentive of up to 200 per cent, subject to shareholder approval., register or subscribe to save articles for later. 1,119 BHP reviews. Henry’s pay packet, which places him toward the bottom of Australia’s top ten paid CEOs, also reflects the growing trend to simplify top executives’ pay. This adds up to $7.988 million. Mike Henry is CEO/Exec Dir at BHP Group Ltd. See Mike Henry's compensation, career history, education, & memberships. BHP Billiton employees earn $63,000 annually on average, or $30 per hour, which is 5% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at BHP Billiton is a Senior Accountant at $55,000 annually while the lowest paying job at BHP Billiton is an Administrative Assistant … The Debate Starts : Remake Republican Party vs. Third Party, Deceptions Revealed about the “Nord Stream 2 Pipeline” and Germany. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. Trading and investing carries a high risk of losing money rapidly due to leverage. BHP has slashed the salary of chief executive Andrew Mackenzie in response to operational issues and a fatality involving a coal miner in Queensland last year. 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. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. A free inside look at company reviews and salaries posted anonymously by employees. Henry's 2021 total target remuneration is unchanged at $7.5 million, BHP said, 12% lower than that of … Companies big and small have faced cost pressures as some mines have shut down and new safety measures have been adopted due to the coronavirus pandemic. Henry's 2021 total target remuneration is unchanged at $7.5 million, BHP said, 12% lower than that of previous Chief Executive Andrew Mackenzie. Biden suspends oil and gas drilling on Federal Lands for 60 days for review. Mackenzie, whose base salary of $US1.7 million ($2.48 million) hasn’t changed since his appointment in 2013, has seen a significant reduction to his … Read full article. Mike Henry was appointed Chief Executive Officer of BHP on 1 January 2020. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture in Western Australia. RTTNews . Pilbara Minerals has finalised its acquisition of the Altura lithium project in Western Australia from Altura Mining for $201 million. We think total compensation is more important but we note that the CEO salary is … Receive our cutting-edge 3-part investor education series for FREE. BHP Billiton CEO's pay drops by more than 40%. 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