Please click "Accept" to help us improve its usefulness with additional cookies. This steers us in the direction of defining which issues we want to show leadership on. We’ve seen many Asian economies reap the dividends associated with free trade: Japan, South Korea, Taiwan, Singapore, Hong Kong, and, more recently, China. There isn’t some unit that handles all social-value activities; this is a line accountability, supported by functional experts. What’s important from a business perspective at one point in time may change over a decade or two as the economy in question evolves. 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, at BHP's Melbourne headquarters, Australia November 14, 2019. They’ve shown that the model works, and I think you’ll find that many countries in Asia will continue to promote free trade. By Juliet Bourke - Consulting, Partner. (i) objectives, 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. And the final one is the importance of gaining perspective. The Quarterly: Can you give some examples where social value has driven decision making? They’ve made good decisions that have allowed us to steer a steady ship through what have been some choppy waters. 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. When I talk about getting perspective, it means getting out and engaging with people—both employees and external parties—and hearing what other companies are seeing, as well as the concerns they have. Thankfully, we’ve got highly capable people and a good culture. 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. They understand that BHP is making investments over decades and that it is critical that we’re seen to be creating value for a broad group of stakeholders: employees, communities, business partners, host governments, and so on. Second would be the importance of creating clarity on what matters most. And then COVID-19 hit. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. Things are dynamic in Asia and continuing to evolve. View Mike Henry’s professional profile on LinkedIn. “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. Now, people have, well and truly, moved on from that, and everyone understands that these are two sides of the same coin. BHP has over 100,000 employees and contractors operating in 100 countries around the globe. In particular we talked with Mike about his: 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. 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. The next normal arrives: Trends that will define 2021—and beyond. Please use UP and DOWN arrow keys to review autocomplete results. We knew that they would be hurting because of the pandemic, and we could play a role in supporting them. One of the things that has allowed us to be around for this long is because of the effort that we invest in getting out there—creating relationships, gaining both a near- and a long-term perspective, and then bringing that perspective back into our decisions for how we construct the portfolio, the markets that we sell into, and the partnerships that we create. And over time, you build greater value and greater returns for shareholders. Mike Henry was 25 years old when he first came across BHP. I’ve lived and worked in different countries in Asia; each one has its own context. See Terms of Use for more information. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. And, in some respects, that creates greater freedom to lead, because you’re not under intense scrutiny. BHP has been around for over a century now and we’ve seen competitors come and go. © 2021. Mike Henry is the Group Executive & Chief Marketing Officer, BHP. We rely on each other to create prosperity for both parties, and we also know we can have an impact in that space through the way that we engage—the agreements we form together and the opportunities that are generated for indigenous empowerment. Again, perspective is critical. The Quarterly: Do you think businesses should play a more active role in solving social problems? Mike Henry is the right person for the new BHP. You have to try to understand the perspective of others, including the counterparties you’re dealing with. 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. You can’t have great operational and financial performance without having good safety. Mike Henry: One of the things I love about this industry is that it’s always been both local, that is, where we produce things, and global, that is, the markets that we sell into. https://thenewdaily.com.au/news/national/2019/11/14/mike-henry-bhp What we’ll see play out is that, 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. At the event, a cohort of BHP experts and leaders, including our CEO, Mike Henry, updated the industry on our progress and our strategy. Please enable JavaScript to view the site. Then they will have a regional plan around social value, and then we have group-level priorities around social value. Mike Henry’s induction into the role of CEO at BHP has been a baptism by fire. 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. 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. Mike Henry: We’ve been investing for quite some time now in securing the ability to move to fully desalinated water in Chile. our use of cookies, and BHP's top leadership announce the appointment of Mike Henry as its new Chief Executive from January 1, 2020, at a news conference at BHP's Melbourne headquarters, Australia November 14, 2019. … From a leadership perspective, giving some sense of certainty and hope is important to navigate this crisis. Against the backdrop of COVID-19, there’s a premium on getting out, demonstrating empathy, and engaging with people to understand what their concerns are. 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