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BHP Billiton Says Graham Kerr To Succeed Alex Vanselow As CFO

Published Monday, 28th November 2011 05:32 am - © 2011 Dow Jones

MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP) said Monday that it has appointed Graham Kerr, recently head of its diamonds unit, to succeed Alex Vanselow as chief financial officer when the latter retires at the end of February.

Vanselow, who joined the mining giant in 1989 and was appointed CFO in 2006, has decided to pursue personal business interests, BHP said in a statement to the Australian securities exchange.

Kerr will join the group management committee immediately and officially assume the role of CFO from Jan. 1, the Melbourne-based company said.

"We will miss his wise counsel, but we understand his decision to pursue other interests and wish him well. He will be an honored member of BHP Billiton's alumni," Chief Executive Marius Kloppers said of Vanselow.

Kerr joined BHP in 1994, before its merger with Billiton, and served in a range of finance and treasury roles before departing BHP Billiton at the end of 2004. He rejoined in 2006, and until recently was president of the diamonds and speciality products division based in Vancouver, Canada.

BHP said it has also named Mike Henry, president of marketing, to an enlarged management committee as chief marketing officer. Henry, who will continue to be based in Singapore, joined BHP Billiton in 2003 from Mitsubishi Corp. (8058.TO).

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;

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