It took a degree of foresight, and definitely involved dollars and investment. It has lots of nations at different points of economic development, with their own unique political, economic, and cultural contexts. Related Articles Article - McKinsey Quarterly The CEO moment: Leadership for a new era. BHP has over 100,000 employees and contractors operating in 100 countries around the globe. There’s clearly a high relevance to the business; there’s a codependency between ourselves and traditional owner groups. (iv) lessons learned, and When he took on the top leadership position of the world’s largest diversified-resources company, in early 2020, the Canadian transplant in Melbourne found himself almost immediately facing the impacts of one of Australia’s most catastrophic bushfires on record. Reinvent your business. Group Executive & Chief Marketing Officer, BHP. It enables the most efficient allocation of resources and will help grow the pot. Top Stories. Social login not available on Microsoft Edge browser at this time. That can be through regional trading agreements, and so on. The incoming chief executive of mining giant BHP, Mike Henry, has refused to say whether the company will bow to increasing shareholder pressure and … Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. Be the first to hear about our Deloitte student opportunities, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been saved, Reflections on investing in leaders to accelerate diversity and inclusion outcomes has been removed, An Article Titled Reflections on investing in leaders to accelerate diversity and inclusion outcomes already exists in Saved items. Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. In June, Henry spoke with McKinsey’s Stephan Görner to reflect on his first six months leading BHP through crises, sharing how social value and strong relationships have helped bolster the company’s resilience. Supplied: BHP. April 2013, Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. We see the same thing with social value. My role is not so much to solve specific problems but to provide context, perspective, and clarity on what matters—while getting support in place and then getting out of the way. I’ve realized that I can’t be the chief problem solver for BHP. Of course, we have specific initiatives around social value, but it is also embedded in all of the decisions that we make and in the day-to-day way that leaders in BHP lead. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. The Board of BHP Group (LON:BHP) has announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process.. Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. They’ve invested greater effort to ensure that they can continue to support BHP and keep the commitments they’ve made to us. When they’ve seen that we’re there for them in their time of need, they’ll be there for us in our time of need. The Quarterly: Have these physical shocks affected the way you approach the resilience of your supply chains? “Nickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,” BHP CEO Mike Henry said in an interview last month. Even as some economies shift toward being more consumer-led and being a bigger marketplace, you’ll find other Asian countries come up the economic-development curve on the slipstream and take their place as the world’s factory. Mike Henry replaces Andrew Mackenzie as growth in China, source of more than half of BHP’s revenue, slumped in the third-quarter to the slowest pace since the early 1990s. My view is that it’ll be both the world’s factory and the world’s marketplace for a long time, but we have to be a bit careful. BHP has over 100,000 employees and contractors operating in 100 countries around the globe and the Marketing function, with hubs in Singapore and Houston, is responsible for selling and moving to market BHP's product, and managing financial risk associated with the revenue line. The Quarterly: Asia is BHP’s biggest market—is it safe to assume that you believe that we’re currently living in the “Asian century”? Thank you Mr. Wang for the introduction and also Minister Han and Vice Chairman Tang for their insightful speeches on the framework of the 14th Five Year Plan and the targets for 2035. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. … This [COVID-19] problem is so big, so complex, and so dynamic that it requires everybody to be engaged. While COVID-19 has been a crisis unlike any, it’s not specific to BHP. MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) named Mike Henry as its new chief executive, opting for his experience running the most profitable operation of the global miner after a … Mike Henry: I’ll use this opportunity to build a bit of anticipation. This article was edited by Jason Li, a senior editor in the Shanghai office. Henry has been president of operations, Minerals Australia, since February 2016. Join our network to stay in touch and receive our latest opportunities. Putting the effort into seeing BHP through the eyes of others makes us a better business. In the 30 years I’ve been in the industry, the composition of markets has shifted over time, and it’s always exciting. Mike Henry: One thing I’ve paid a lot of attention to is context-specific leadership, or recognizing that the leadership for one set of circumstances may not be the most effective for another. Mike Henry. While he has managed to keep operations running and his workforce of 72,000 safe and healthy, Henry said that BHP’s resilience during the pandemic is built on a foundation of strong relationships fostered over the years: “This includes employees, but also communities, business partners, and traditional owner groups, who have come together to keep the business running.” It’s also by prioritizing the cultivation of win–win relationships that Henry believes BHP will thrive in an ascendant “Asian century.” China, Japan, South Korea, and India represent BHP’s key markets in the continent, and Asia as a whole accounts for more than 80 percent of the company’s sales. And then COVID-19 hit. You can’t have great operational and financial performance without having good safety. The Quarterly: What about climate change? From mine plans to safety decisions to procurement, we’re thinking about how our employees, communities, business partners, and so on are benefitting. They’ve made good decisions that have allowed us to steer a steady ship through what have been some choppy waters. Second would be the importance of creating clarity on what matters most. Top Stories. They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. Liability limited by a scheme approved under Professional Standards Legislation. China Development Forum 2020. From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. His comments point to the significant impact a capable and committed leadership team can have on shifting mindsets and behaviours in a relatively short period of time. An increasing number of our shareholders understand this; in fact, if we weren’t focused on social value today, we’d have a pretty rough ride with them. Early on in a crisis, it can be easy to get tunnel vision and to focus on managing what’s in front of your nose. COVID-19 has touched every single person, every part of BHP, and every part of our supply chain, creating a high degree of uncertainty. Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights, Prioritize people in times of crisis: An interview with the CEO of BHP. I’ve also realized that I can’t be the chief problem solver for BHP. I’ve lived and worked in different countries in Asia; each one has its own context. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. READ MORE: BHP names Mike Henry as CEO to replace Andrew Mackenzie | BHP robot trucks to haul Goonyella Riverside coal. What people used to view as “social license” has evolved into “social value.” That’s analogous to the journey that companies and society have been on in terms of safety. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Thankfully, we’ve got highly capable people and a good culture. The Quarterly: How has becoming CEO during a time of crisis—whether it’s bushfires or global pandemics—informed your leadership style? (iii) outcomes, collaboration with select social media and trusted analytics partners Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. Something went wrong. Our flagship business publication has been defining and informing the senior-management agenda since 1964. See Terms of Use for more information. I’ve lived and worked in different countries in Asia; each one has its own context. tab. Through doing that, we can lift what is already a substantial contribution to our stakeholders further without eroding short-term financial or operational performance. Supplied: BHP. Mike Henry’s first big statement on statement on climate is very, well, Mike Henry. How do you see the idea of free trade evolving? Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group. (ii) the nature of the interventions, Four things have stood out. Mike Henry has been appointed chief executive officer of BHP. 11 November, 2020. There isn’t some unit that handles all social-value activities; this is a line accountability, supported by functional experts. Mike Henry: Six months is still short, and I’m sure there are going to be a ton of insights yet to come, particularly because we’re still in the midst of this crisis. And, in some respects, that creates greater freedom to lead, because you’re not under intense scrutiny. This article was edited by Jason Li, a senior editor in the Shanghai office. He also provides his views on what it will take for businesses to be successful in Asia, where he sees free trade as a continuing driver for economic progress and opportunity. There will be greater clarity on how BHP will be incentivized to focus on climate change through the way our scorecards get constructed. First is the importance of prioritizing people. Flip the odds. The Board of BHP Group (LON:BHP) has announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process.. Mr Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. Mike Henry, CEO. ... Mike Henry… Posted February 18, 2020 09:30:18 Mike Henry took up the role of BHP chief executive in January. LinkedIn is the world’s largest business network, helping professionals like Mike Henry discover inside connections to recommended job candidates, industry experts, and business partners. This steers us in the direction of defining which issues we want to show leadership on. When Mike Henry took the helm of BHP a year ago he was planning to spend the first quarter of 2020 on the road meeting key customers and suppliers. We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. And that’s what we’ve seen. “Nickel demand will grow significantly off the back of batteries and the EV thematic, and that will pull nickel prices up,” BHP CEO Mike Henry said in an interview last month. There are many CEOs who are way more schooled than me in doing business in Asia and who have a good sense for what’s needed, but I think at its heart, doing business in Asia will require some of the same things that are important when doing business elsewhere. We are honoured to be recognised with these awards for making an impact that matters for our clients, communities and people. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. 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