18th Jun 2009 07:00
NEWS RELEASE |
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Release Time |
IMMEDIATE |
Date |
18 June 2009 |
Number |
11/09 |
bhp billiton board appointment
BHP Billiton Chairman Don Argus today announced the appointment of a new Non-executive Director, Mr Wayne Murdy to the BHP Billiton Board, effective 18 June 2009.
Mr Murdy retired as Chairman of Newmont Mining Corporation on 31 December 2007, a position he held since 1 January, 2002. He served as Chief Executive Officer from January 2001 to 30 June 2007. Prior to joining Newmont in 1992 Mr Murdy spent 15 years in senior financial positions in the oil and gas industry. He is a Director of Weyerhaeuser Company and Qwest Communication International Inc.
Mr Argus said that this appointment would be an invaluable addition to the BHP Billiton Board, bringing extensive experience in the natural resources sector.
"Wayne will be an excellent addition to our Board and we are very pleased that he has agreed to join us.
"Wayne has more than 30 years experience in the mining and petroleum industries and is highly regarded in the international mining community. His depth of senior management experience and knowledge of the industry will be an asset to the company. He is also past Chairman of the International Council of Mining and Metals, a past Director of the National Mining Association and a former member of the Manufacturing Council of the US Department of Commerce."
Mr Argus said that the appointment of Mr Murdy would bring the number of BHP Billiton Directors to 14. The Group's established process of continually reviewing the mix of skills and competencies of Directors ensures that the Board is made up of members best able to promote shareholder interests and effectively govern the Group.
Further information on BHP Billiton can be found on our website: www.bhpbilliton.com
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Peter Ogden, Media Relations Tel: +61 3 9609 2812 Mobile: +61 428 599 190 email: [email protected] |
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Kelly Quirke, Media Relations Tel: +61 3 9609 2896 Mobile: +61 429 966 312 email: [email protected] |
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BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
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A member of the BHP Billiton group which is headquartered in Australia |
Wayne W Murdy
BSc (Business Administration), CPA, 64
Wayne Murdy retired as Chairman of Newmont Mining Corporation on 31 December 2007 a position he held since 1 January 2002. He also served as Chief Executive Officer from January 2001 to 30 June 2007. Newmont is a major gold producer with total assets in excess of US$15 billion on five continents.
Wayne Murdy's background is in finance and accounting where he has gained comprehensive experience in the financial management of mining, oil and gas companies during his career with Getty Oil, Apache Corporation and Newmont Mining.
As Chairman and Chief Executive Officer of Newmont he focussed on strengthening the balance sheet and acquiring "land size". This meant a heavy focus on operations and acquisitions. He can take credit for changing the strategic direction of Newmont and bringing it from a conservative mining company to an aggressive gold miner and trader that runs an unhedged revenue book. He focussed the company's attention on creating value for shareholders and efficiencies in their operations in terms of costs and output.
Prior to joining Newmont in 1992 Mr Murdy spent 15 years in senior financial positions in the oil and gas industry, first with Getty Oil Company and later as Chief Financial Officer of Apache Corporation. He began his business career in public accounting. A graduate of California State University at Long Beach, he has a Bachelor of Science Degree in Business Administration and is a Certified Public Accountant. Mr Murdy was recognised as a distinguished graduate of California State University at Long Beach in 2005, was the 2006 recipient of the Charles F Rand Gold Medal of the American Institute of Mining, Metallurgical and Petroleum Engineers and in 2007 was awarded an Honorary Doctorate of Engineering by the Colorado School of Mines and was the recipient of the University of Denver, International Bridge Builders Award.
Mr Murdy also held a two year term as Chairman of the International Council on Mining and Metals (ICMM) and was a founding Director of the Partnering Against Corruption Initiative of the World Economic Forum.
Wayne and Diana Murdy have been married for 40 years and have four children and six grandchildren.
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