BHP Billiton Names Andrew Mackenzie as New CEO

The Financial Post reported that Andrew Mackenzie has been appointed the new CEO of beleaguered BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT), which recently experienced its greatest profit drop in a decade.

As quoted in the market report:

The appointment was announced as BHP reported a 43% slump in first-half profit to US$5.68 billion, its worst profit drop in more than a decade, and took US$3 billion in writedowns on its aluminium and nickel assets, in line with market forecasts.

To view the whole Financial Post report, click here.