BHP’s chief commercial officer to step down in January, internal memo shows
The departure leaves BHP searching for a new negotiator as Chinese state buyers press for better iron ore terms, analysts said.
- On Tuesday, BHP Commercial Officer Rag Udd announced he will step down at the end of January, ending a three-decade tenure at the mining company.
- Udd, based in Singapore, managed complex iron ore negotiations with the China Mineral Resources Group as state buyers previously banned steel mills from purchasing BHP products until a deal was struck in April.
- Previously, Udd led the Americas division from 2020 to 2024, overseeing major Chilean copper operations at Escondida and Spence alongside the Jansen potash project in Canada set to start production mid next year.
- Brandon Craig, who began his role in July, now faces the priority of selecting a new leader for China negotiations as analysts suggest more high-profile departures may follow under the new CEO.
- While Udd was considered a contender for the top job, he stated on LinkedIn, "I'm looking forward to what comes next, and I hope to stay connected.
11 Articles
11 Articles
BHP’s Chief Commercial Officer Rag Udd Set to Leave in January
BHP Group’s Chief Commercial Officer Rag Udd will leave the company at the end of January, according to LinkedIn posts, becoming the most senior executive to step away from the world’s largest miner since Brandon Craig took the helm in July.
BHP commercial chief exits amid China iron ore strain
BHP (ASX, LSE, NYSE: BHP) chief commercial officer Rag Udd will leave the world’s largest miner at the end of January, opening a key leadership vacancy as China intensifies pressure... The post BHP commercial chief exits amid China iron ore strain appeared first on The Northern Miner.
The executive will leave the mining company at the end of January to continue his professional career abroad. His departure opens the definition of a key position for the group, right in the middle of the complex negotiations for the supply of iron ore with Chinese state buyer China Mineral Resources Group. The multinational mining company [...]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
