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.”. Pilbara Minerals has finalised its acquisition of the Altura lithium project in Western Australia from Altura Mining for $201 million. He was asked to retire as CEO on 1 October 2013, and was … 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. His total remuneration for the 2019 financial year was $US3.5 million compared with $US4.7 million in the prior year. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. Salaries posted anonymously by BHP employees. 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. Learn how energy insiders think. So what happens to the CEO's salary when a company delivers an $8 billion loss? Can Renewables Become As Profitable As Oil And Gas? BHP Seeks Changes to CEO Pay Structure -- Update. BHP also announced that there would be no hike to salaries or total remuneration packages for the CEO or other key management personnel. New BHP boss could earn close to $10m Mr Henry's renumeration package includes a base salary of $2.4 million ($US1.7 million) and the potential for a short term cash reward of $1.98 million ($US1.36 million). The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Mike Henry is CEO/Exec Dir at BHP Group Ltd. See Mike Henry's compensation, career history, education, & memberships. 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. BHP said Chief Executive Mike Henry's bonus totaled $1.96 million for the 12 months through June, 2020. We think total compensation is more important but we note that the CEO salary … 1,119 BHP reviews. BHP Billiton pays its employees an average of AU$118,383 a year. Puts Chinese Oil Giant CNOOC On Blacklist, U.S. Presidential Elections Status - Electoral Votes, “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova, United States LNG Exports Reach Third Place. Andrew Mackenzie's annual salary was cut in half following the Samarco dam disaster in Brazil, the global miner said. Wind, Solar & Gas in California. 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. 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. Salary of BHP CEO cut in half after Brazil mine disaster. Henry's 2021 total target remuneration is unchanged at $7.5 million, BHP said, 12% lower than that of previous Chief Executive Andrew Mackenzie. A free inside look at company reviews and salaries posted anonymously by employees. Our data indicates that BHP Group is worth AU$176b, and total annual CEO compensation is US$8.1m. Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. Visit PayScale to research BHP Billiton salaries, bonuses, reviews, benefits, and more! He was also Executive Director and Chairman of the Group Management Committee from 2007 to 2013. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia. There will also be no change to annual fees for Chairman Ken MacKenzie or nonexecutive directors. We think total compensation is more important but we note that the CEO salary is … 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 … Sep. 17, ... and, after review in 2019, the Committee has again determined his salary … BHP Billiton CEO's pay drops by more than 40%. Read full article. Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. Pilbara Minerals has finalised its acquisition of the Altura lithium project. He was also Executive Director and Chairman of the Group Management Committee from 2007 to 2013. 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. Receive our cutting-edge 3-part investor education series for FREE. Read the latest. ... Jacques Nasser, to $960,000 from $1.1m and the basic salary for non-executive directors by $10,000 to $160,000. This adds up to $7.988 million. The outcome also took into account healthy, safety, environment and community (HSEC) performance, which reflected the death that occurred at BHP Billiton Mitsubishi Alliance’s (BMA) Saraji coal mine in Queensland last December. Learn how to navigate energy markets. Hydrogen: The Beginning Of A New Era In Energy, EV Battery Prices Plunge 89% In Ten Years. BHP boasts a workforce that comprises almost one-in-four female employees, an increase of nearly seven per cent since 2016. Average BHP hourly pay ranges from approximately $24.00 per hour for Executive Assistant to $27.00 per hour for Labourer. The key components of Mr Henry’s remuneration are: A base salary of US$1,700,000 per … BHP noted that Henry’s total target remuneration remained unchanged at $7.5 million, 12% lower than that of Mackenzie. Biden suspends oil and gas drilling on Federal Lands for 60 days for review. Salaries posted anonymously by BHP employees in Trinidad and Tobago. Click here. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. The announcement comes as BHP looks to change the chief executive’s remuneration policy and focus on rewarding long-term performance. Voters. 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. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. Pilbara Minerals has finalised its acquisition of the Altura lithium project. Individuals should consider whether they can afford the risks associated to trading. BHP Billiton Ltd’s CEO Marius Kloppers full year salary has risen 9 per cent to US$11.3 million.. 7 salaries for 6 jobs at BHP in Trinidad and Tobago. We will not share your email address.You can unsubscribe at any time. 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. 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. September 20, 2016, 7:01 PM. 17/09/2019 3:16am Dow Jones News. Salary of BHP CEO cut in half after Brazil mine disaster. Canadian-born Henry received a $1.87 million salary for the year — a $1.7 million base and a 10% pension contribution. 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. He has been with BHP since 2003 and has held leadership roles spanning operational, commercial, and technical. a In 2020, we produced and delivered half a million cars. ... BHP said Mr. Mackenzie's base salary will remain unchanged in fiscal 2020, at US$1.7 million. Outgoing CEO Andrew Mackenzie said: "It has been a privilege to serve as CEO of BHP. The Debate Starts : Remake Republican Party vs. Third Party, Deceptions Revealed about the “Nord Stream 2 Pipeline” and Germany. Our data indicates that BHP Group is worth AU$176b, and total annual CEO compensation is US$8.1m. 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. RTTNews . Navalny Poisoning Weakens Russo German Relations. The site is a one-stop-shop for mining industry…. 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. 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. Salaries at BHP Billiton range from an average of AU$76,849 to AU$176,806 a year. BHP (ASX:BHP) Historical Stock Chart. (This is based on the year to 2018). Trading and investing carries a high risk of losing money rapidly due to leverage. 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. His pay works out at more than $30,000 a day, five days a week. The pay rise comes on the back of an increase in BHP's fiscal 2010 results. If shareholders approve the plan, Mr Mackenzie’s base salary will remain unchanged but his total possible compensation — if he hits all … Newcrest Mining has commenced early works at the Havieron gold-copper joint venture in Western Australia. (This is based on the year to 2018). 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. This forms part of BHP’s commitment to its five-year target to maintain operational greenhouse gas emissions at or below the 2017 levels. 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